Tue, Oct 6, 2015
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. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From Marketrealist.com: In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with

  4. A hedge fund strategy that seems to have fizzled[more]

    From Gulfnews.com: The hedge fund strategy that has attracted the most money this year is on course to cause some of the biggest losses for investors, in the latest example of the dangers of going with the crowd. Institutions and individuals have piled an estimated $20 billion (Dh73 billion) into ma

  5. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i