Bank of England alarm as hedge fund gilt bets hit £100bn

https://finance.yahoo.com/news/bank-england-alarm-hedge-fund-090000576.html

* Bank data show hedge funds had borrowed £99.9bn from banks to recycle back into gilts as of the end of November, a 10-fold increase compared with just over a year ago, when the figure was less than £10bn.
* Chris Coghlan, a Liberal Democrat MP who sits on the select committee, highlighted a warning by the Bank that a small number of predominantly **US hedge funds** were now responsible for 90pc of all net borrowing.
* Bank officials have warned a sudden economic or financial shock could trigger “fire sales” in gilts, **plunging financial markets into turmoil.**