Thu, Jul 27, 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. Launches - Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle, Jersey players institutionalize first regulated crypto-currency hedge fund[more]

    Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle From Coindesk.com: The operators of a regulated, Jersey-based bitcoin hedge fund have officially closed a new $5 million fund aimed at investing in cryptocurrency tokens and initial coin offerings (ICOs). Backed by fun

  2. SWFs - China Wealth fund backs TPG lender as part of U.S. property push[more]

    From Bloomberg.com: China Investment Corp., the sovereign wealth fund that controls $814 billion in assets, is betting on U.S. real estate by investing in a commercial real estate lender formed by the money management firm TPG. In conjunction with last week's initial public offering of TPG RE Financ

  3. Months to minutes: Enigma launch aims to boost crypto hedge fund creation[more]

    From Coindesk.com: What if starting a hedge fund was as easy as downloading an API? A startup incubated at MIT Media Lab is today revealing a product designed with this ease-of-use in mind. Called Catalyst, the first product offering by blockchain startup Enigma aims to trigger nothing short of an e

  4. North America - Hedge funds disclose their Puerto Rico debt holdings, US dominates new money portion of Greece's debt sale[more]

    Hedge funds disclose their Puerto Rico debt holdings From Reuters.com: A group of hedge funds that hold about $3 billion of Puerto Rico sales-tax-backed debt released a court filing late on Tuesday that revealed how much of the total amount each fund manages. Decagon Holdings LLC,

  5. Seward & Kissel launches new compliance service[more]

    Bailey McCann, Opalesque New York: The law firm that formed the first hedge fund - Seward & Kissel - has launched a new compliance service for asset managers. Seward & Kissel Regulatory Compliance, or SKRC, offers full-scale regulatory compliance consulting solutions provided by the firm's attor