Mon, May 4, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

CFTC data shows significant speculative activity across asset classes

Tuesday, March 20, 2012

Bailey McCann, Opalesque New York: Hedge funds are making big moves in commodities this month according to a new report from BofA Merrill Lynch Global Research, released today. According to work from hedge fund analyst Mary Ann Bartels, BofA Merrill Lynch and data from the Commodities Futures Trading Commission (CFTC), large speculators are making moves across asset classes.

The report shows that large speculators are buying S&P 500 futures, and NASDAQ 100 futures while also shorting the Russel 2000. Report authors note, "Long/Short exposure was about 23% net long, which is significantly below the historical average of 35-40%." Speculators are showing a preference for growth, large cap and high quality equities.

In Commodities, speculators are shorting wheat and natural gas while going long soybean and corn. Speculators are also long crude oil. Gold has also seen a sell off recently, but is expected to remain high over the longer term. "Our long-term target for the next few years is $2000-3000 range," the report said.

Treasuries have also been the subject of an aggressive sell off. 2-yr TNotes were sold by 78%. Shorts tripled in the 30-yr T-bonds futures and 10-yr T-note. The sell off is a notable trend after a previous flight to government bonds as a safe haven during recent high volatility. A Reuters report notes that bonds suffered their worst we......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges funds of hedge funds Alpha Titans, executives, and auditor for improper expense allocations[more]

    Update: Please note the important updated information at the end of the article.The Securities and Exchange Commission today announced charges against a Santa Barbara, Calif.-based hedge fund advisory firm and two executives involved in improper allocations of fund assets to pay undisclose

  2. Swiss group Pictet releases first public annual and financial reports[more]

    Benedicte Gravrand, Opalesque Geneva: Pictet Group, a Swiss private bank, has just released its first public annual report and financial report since it opened for business in Geneva in 1805. I

  3. Opalesque Exclusive: Carne establishes non-EU ManCo in Jersey[more]

    Benedicte Gravrand, Opalesque Geneva: For those managers who will not domicile their fund in the European Union (EU) and yet want to distribute it in the EU – especially the UK –, going under the wing of an AIFMD-compliant ManCo on the Channel Islands could be one of the ways to do it. Ch

  4. Opalesque TV: Aequam Capital: Asset management industry will be mainly quantitative going forward[more]

    Benedicte Gravrand, Opalesque Geneva: Before starting his boutique in 2010, Arnaud Chretien, co-founder and CIO of Aequam Capital, worked ten years as a market trader and 18 years as a quantitative and systematic fund manager for Soc

  5. Class-action lawsuit accuse hedge fund Standard General of holding American Apparel hostage[more]

    Komfie Manalo, Opalesque Asia: A shareholder class-action suit filed on Wednesday accused New York-based hedge fund Standard General of holding American Apparel hostage. It would reportedly reap huge benefits if the clothing company declared bankruptcy. Standard General is the controlling sto

 

banner