Confidential Global Utility Sector White Paper – Hedge Fund Positioning Data (2013)

Confidential Global Utility Sector White Paper – Hedge Fund Positioning Data (2013) The document provides internal banking survey data on hedge fund exposure to the global utilities sector, but it does not name any high‑profile individuals, government agencies, or foreign leaders. The information is largely technical and already public in financial analysis circles, offering limited actionable leads for investigative reporting. Key insights: Bank of America Merrill Lynch survey shows utilities were heavily underweight by hedge funds in 2012‑13.; Long/short ratio for utilities fell from 3.0x (Jan 2008) to 1.7x (Jan 2012) then rose 60% to 2.7x.; Hedge funds expressed short exposure via ETFs and utility index proxies, not individual stocks.