Wed, Sep 28, 2016
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. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style