Sat, Aug 29, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

BofAML research reveals highest long/short equity market exposure since August 2011

Wednesday, April 11, 2012

Beverly Chandler, Opalesque London: The latest report from Bank of America Merrill Lynch has found that the investable hedge fund composite index was up 2.20% year-to-date as of April 4. Mary Ann Bartels, head of US technical analysis, reported that hedge funds underperformed the S&P 500 by 9.04%. The report says: "Event Driven and Convertible Arbitrage performed the best, up 5.50% and 3.98% respectively. Market Neutral performed the worst, down 1.90%."

Bartels also reported that the Bank of American Merrill Lynch models indicate that Market Neutral funds bought market exposure to 4% net long from neutral. "Equity Long/Short bought market exposure to 34% net long the highest level seen since August 2011. Macros sold the S&P 500 and NASDAQ 100, marginally sold 10-year Treasuries and commodities, added to USD shorts, while buying EM and EAFE exposures". The report also revealed significant moves across asset classes by hedge funds, based on CFTC data.

  • Equities. Large specs bought the NASDAQ 100, yet added to their shorts in the S&P 500 and Russell 2000. NASDAQ 100 is in a crowded net long.
  • Agriculture. Large specs bought soybean, sold corn and wheat. Soybean is in a crowded long; wheat is in a crowded net short.
  • Large specs bought silver and copper, sold gold and palladium, and fl......................

    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. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Performance - Hedge funds set to bank millions by short selling during London share slump, The China market chaos has made this hedge fund its most money in 2 years, Odey hedge fund said to surge 9% betting against China, Hedge funds with long-held bearish views on China rack up profits, Hedge funds in U.S. seen curbing damage from August turbulence, Hedge funds collect on their predictions of a fall, How did managed futures do while the Dow was down 1000[more]

    Hedge funds set to bank millions by short selling during London share slump From TheGuardian.com: Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds making the bets include Lansd

  5. Opalesque Exclusive: John C Head IV leaves alternative investment firm Gallery Capital, David Harrison joins as co-CIO[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: John C Head IV, former president and co-founder of Gallery Capital Management, an alternative inv

 

banner