Data from the CFTC showshedgefundsreduced bullish U. S.crude oilbets for a second straightweek last week, driven by a one-thirdincreaseinshort selling.
This means that rather than risking your money on one particular technology, you can hedge your bets on the performance of the entire index, making you less vulnerable to sudden shifts in the market.
His hedge fund was one of the top performers in 2011 and continues to show strong gains in 2012 thanks to bets on Amylin, Hain Celestian and El Paso energy.