Hedge funds were net sellers of equities over the past four months, Societe Generale’s October 9 Hedge Fund Watch reports in “Early signs of fatigue,” a title that points to their analysis. But this “risk-off” stance appears to be shifting from 5th gear to neutral which could be among “initial signs this trend is inverting, which could imply the bottom of the current correction is about to be reached,” the bank’s Global Asset Allocation research team, headed by Alaln Bokobza, observed. If their analysis proves correct, a corollary impact might be felt in the volatility market as net long VIX...