Mon, Dec 5, 2016
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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Europe - UK investors to pay more tax on money in offshore funds, Do you want to hand your money to super-algo or a Swiss banker?[more]

    UK investors to pay more tax on money in offshore funds From FT.com: Hedge funds in Dublin and Luxembourg are set to be hit by new rules that will force UK investors to pay more tax on the money they hold in offshore funds. As part of the government’s Autumn Statement on the country’s fi

  3. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  4. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  5. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan