Tue, Apr 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Asset flows direct hedge fund market exposures - BAML

Wednesday, November 14, 2012

Bailey McCann, Opalesque New York: New data from Bank of America Merrill Lynch Global Research shows that asset flows out of hedge funds may be driving their market exposures, specifically outflows in the long/short equity space may have a limiting effect on raising market exposure over year's end. According to historical data in the report, "imputed market exposure is highly correlated to total asset changes for L/S hedge funds based on quarterly data since Q1’04. In fact, 60% of the variation in L/S exposures may be explained by asset flows." As such, funds unable to maintain asset inflows going into year end may not be able to increase market exposure.

The investable hedge fund composite index was up 0.10% for the first week of November, compared to down 1.25% for the S&P 500. In terms of individual strategies, CTA Advisors and Convertible Arbitrage were the best performers last week, up 0.80% and 0.54%, respectively; Market Neutral performed the worst and was down 0.27%.

In commodities, funds are starting to sell out of soybean and wheat, leaving corn flat. Soybean and wheat remain in a crowded long. Funds sold gold, silver and platinum, flat copper and bought palladium. In energy, funds bought crude, sold heating oil & gasoline, and added to their shorts in natural gas. Currencies are......................

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. Investing - Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low', Asia CIOs say "non" to Europe, Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether[more]

    Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low' From Reuters.com: London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's bo

  2. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  3. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  4. Aris Wealth' quant indices fare well[more]

    Benedicte Gravrand, Opalesque Geneva: Last year, Geneva-based Aris Wealth Management launched indices sponsored by Societe Generale Corporate & Investment Banking. These indices replic

  5. Opalesque Exclusive: Gold Sail diversifies into PE and real estate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The five Purdue University students who set up a hedge fund last year have become four and have diversified int