Wed, Feb 10, 2016
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. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Opalesque Exclusive: Directors want to be considered trusted partners by new manager[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A hedge fund director provides her perspective on emerging hedge fund managers. She will happily work with those who have set themselves up for future growth, s