Tue, Jul 26, 2016
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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe