Hedge fund leverage hits five-year high, according to Goldman Sachs

Hedge fund leverage hit a five-year high last week, with speculators buying banks, trading companies and insurance firms, Goldman Sachs data (GS.N) showed, after US interest rates held steady and just before US attacks on Iran’s nuclear sites.

The US Federal Reserve held interest rates steady on Wednesday last week and indicated they were in no rush to cut interest rates.

The US attacked Iranian nuclear sites on Saturday, which sent oil prices towards a year-high on Monday...