Fri, Sep 19, 2014
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 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  4. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali

  5. Short Selling - Notorious U.S. short-seller targets Alibaba[more]

    From Wantchinatimes.com: A notorious American short-seller appears to have "targeted" Chinese internet giant Alibaba on the eve of its historic public listing on the New York Stock Exchange, reports Chinese web portal Hexun. Alibaba's highly-anticipated listing on Friday could potentially be the big