Sat, Oct 25, 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

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t