Tue, Mar 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

AlphaClone Hedge Fund Long/Short Index shows broad hedge fund equity positions

Tuesday, June 12, 2012

Bailey McCann, Opalesque, New York: Research firm AlphaClone has released new data showing where hedge funds are positioned in equities. According the company, the AlphaClone Hedge Fund Long/Short Index, shows that managers continue to overweight financials, business services, construction and computer/technology companies. Managers have increased exposure to those sectors quarter-over-quarter vs. the S&P 500 due to their cheap prices and projected innovations. The index data comes from mid-May disclosures.

Managers have cut exposures in several sectors including: energy, retail, consumer staples and utilities.  Energy stocks have received the biggest sell signal in the index moving from 2 percentage points underweight the S&P500 in Q4 2011 to over 5 percentage points underweight in Q1 2012.  The index's largest new buys include Delphi Automotive and Pepsico while it sold out of energy companies such as BP, Shell, Caruzo Oil, CVR Energy and Occidental Petroleum. 

Apple continues to dominate equity holdings across funds - a factor which is likely to increase correlation across indexes and strategies. Apple has a 7% weight in the index - double the next two firms at the top - Express Scripts at a 4% weight and Simon Property at a 3% weight. Funds continue to raise concerns over the global economic slowdown as well as energy prices, issues which are reflected in the recent sell off in the energy sector. ......................

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 - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie