Mon, May 21, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Bank of America Merrill Lynch reports hedge fund performance flat

Wednesday, August 08, 2012

Beverly Chandler, Opalesque London: Bank of America Merrill Lynch research reveals that hedge funds were flat last week with long/short equity up the most with performance of 0.52% and the CTAs performing the worst, down 0.71%. The whole investable hedge fund composite index was up 0.06% as of August 1st.

Mary Ann Bartels, head of technical analysis, reports that the bank’s models indicate that Market Neutral funds market exposure fell to -2% from 5% net long while Equity Long/Short decreased market exposure to 24% from 26% net Long, remaining well below the 35-40% benchmark level. Bartels reports that Macros have gone long small cap and move flat commodities. "They remain short S&P 500, NASDAQ 100, 10-year Treasuries and EAFE. EM exposure is increased sharply and USD remains long" she writes.

CFTC data revealed significant hedge fund moves across the asset classes, Bartels reports. In equities, large specs sharply covered the S&P 500 and aggressively bought NASDAQ 100. They covered Russell 2000. In Agriculture, large specs bought corn and sold soybeans and wheat. Soybean stayed in a crowded net long; wheat remains in a crowded long and has the highest net long position since 2004. In Metals, large specs bought gold, silver, platinum and palladium. Gold and palladium positions are into the buy zo......................

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. News Briefs - Warren Buffett: Target date funds aren't the way to go, Cambridge Analytica could be reborn under a different name[more]

    Warren Buffett: Target date funds aren't the way to go Planning for retirement can be complicated and stressful. This is why target date funds - funds that are managed based on when you expect to retire - are so attractive. Over time, the balance of stocks, bonds and cash evolve automati

  2. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  3. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven