Diversification is one of the most fundamental guidelines when it comes to investing, and some investors may think that hedge funds are the easiest way to get it. However, hedge fund diversification is nothing but a pipe dream for some strategies, according to one firm’s study. Meanwhile, investors are bullish on WTI Crude, and institutional investors are boosting their positions in 30-year Treasury futures to 18-month highs. In their Dec. 30 “Futures and HF Positioning Report,” Bank of America Merrill Lynch analyst Jue Xiong and team reported that buy-side net long positioning in WTI Crude stood in the 99.4 percentile...