Photo by Bryn Lennon/Getty Images Hedge funds’ bets may come crashing down.Bullish money managers and bearish hedge funds are headed for another showdown in the Treasury market. In previous episodes, a wide divergence of opinion between institutional investors, the so-called real money, and speculators usually saw rates turn in favor of the more patient bond-buyers. “When you get everybody leaning toward shorts, especially within the macro hedge fund community, there is a tendency for the market to go the other way. There are investment managers and insurance companies across the world who wait for that to happen and therefore pounce on the market and buy what they need to buy,” said Tom di Galoma, managing director of Treasurys trading at Seaport Global Securities.via