Hedge funds sell as September historically proves tricky for markets

Hedge funds remain hesitant about buying US stocks at the outset of what is often a dour month for markets, even with a potential US rate cut on the horizon, after becoming net sellers in August.

More traditional investors also sold more US stock than they bought, Lipper data shows.

Although world stocks are near record highs, they could be vulnerable to sharp selloffs, and hedge funds have stayed out