Wed, Sep 20, 2017
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. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  2. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  3. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  4. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N

  5. ...And Finally - FAN-antic[more]

    From Newsoftheweird.com: Jeffrey Riegel, 56, of Port Republic, New Jersey, left 'em laughing with his obituary's parting shot at the Philadelphia Eagles. In it, Riegel asked that eight Eagles players act as pallbearers, "so the Eagles can let me down one last time." Riegel owned season tickets for 3