Thu, Apr 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds the most short the NASDAQ 100 since August '11 - BAML

Wednesday, November 28, 2012

Bailey McCann, Opalesque New York: Hedge funds sold the NASDAQ 100 futures to $0.5bn net short from $0.9bn net long last week, these figures are the lowest since August of 2011 according to a new report from Bank of America Merrill Lynch Global Research. Lead hedge fund analyst Mary Ann Bartels of Bank of America Merrill Lynch says they view the change "as a more contrarian bullish sign for the index." Technology is the most oversold and shortest sector.

The investable hedge fund composite index was down 0.16% for the month, as of November 21, compared to down 1.50% for the S&P 500. In terms of strategies, Convertible Arbitrage and Merger Arbitrage are the best performers month-to-date, up 0.54% and 0.38%, respectively; CTA Advisors performed the worst and was down 0.69%. Funds aggressively sold the S&P 500 futures by ~72%, to $2.4bn from $8.6bn notional last week.

In commodities, wheat moved out of a crowded long for the first time since July of this year. Funds also sold soybean but in a change from last week bought corn. Funds are again buying gold, silver and palladium, partially covered copper, yet sold platinum. In energy, funds bought crude oil and gasoline, sold heating oil, and added to their shorts in natural gas.

......................

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Opalesque Roundtable: Emerging managers should avoid chasing 'institutional unicorns'[more]

    Bailey McCann, Opalesque New York: For managers looking to raise a new fund after the crisis, marketing efforts will need to be significantly different, according to delegates at the recent Opalesque Texas Roundtable. "Most of the smaller managers come to the whole fund-raising and marketing

  3. Cohen's private investments deliver strong 7.5% gain in Q1[more]

    From Reuters.com: Billionaire Steven A. Cohen's investments gained 7.5 percent in the first three months of 2015, according to a person familiar with the numbers, helping the former hedge fund manager extend his string of market-beating returns. Cohen's Point72 Asset Management, which invests

  4. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

  5. Opalesque Exclusive: Cyber security and hedge funds: increased awareness, Part One[more]

    Benedicte Gravrand, Opalesque Geneva: If you look at the recent cybersecurity news from Bloomberg, hackers are frightening the people: they steal photos and threaten to expose them, they can break into ATMs, they ha

 

banner