Money managers are turning on stocks that have delivered the best returns during the bull market: small caps.Large speculators such as hedge funds are betting $2.8bn this month that the Russell 2000 (RTY) Index will fall. That�??s the most since 2012 and the highest versus average levels since 2004, according to data compiled by Bloomberg and Bank of America Corp. The about-face from a year of bullish wagers coincides with lackluster performance. The gauge of the smallest companies stands 7.1 percent below its 2014 high, trailing the recovery that has put the Standard & Poor�??s 500 Index within 1.5 percent of a record.
