Mon, Sep 25, 2017
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. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. 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

  3. 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

  4. 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

  5. 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