Mon, Jun 18, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds add exposure, cash levels drop

Wednesday, March 13, 2013

Bailey McCann, Opalesque New York: Hedge funds are continuing to add exposure, cash levels are down to 4.6% in 4Q’12. The top two stocks purchased were Facebook, and Citigroup and most sold were Apple and Tyco International, according to new data from Mary Ann Bartels, lead hedge fund analyst at Bank of America Merrill Lynch Global Research. Market Neutral funds aggressively bought market exposure to 9% net long, similar to their early January positioning. Bartels notes that they are "less likely to chase the market as positioning are already above the 50 L/ 50 S benchmark." Equity Long/Short bought market exposure to 35% net long from 33%.

The investable hedge fund composite index was up 0.44% for the week ending March 6. In terms of strategies Equity Long/Short performed the best, up 0.71%. Market Neutral performed the worst and were down 0.20% for the same period. Across strategies funds are adding to their shorts on emerging markets. Emerging markets are approaching a crowded short.

In commodities, funds bought corn and were essentially flat in soybean & wheat. Gold remains in the buy zone as funds sold gold, silver & platinum, added to their shorts in copper, and were flat in palladium. In energy, funds sold crude oil and heating oil, and were flat in natural gas & gasoline. In currenci......................

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. North America - George Soros: 'Everything that could go wrong has gone wrong'[more]

    From Marketwatch.com: George Soros, tell us how you really feel. 'Everything that could go wrong has gone wrong. [Trump] is willing to destroy the world.' The 87-year-old billionaire clearly isn't shy about expressing his generally liberal views and distaste for Trump's "America First" platform,

  2. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  3. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  4. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a

  5. News Briefs: David Stemerman's hedge fund holdings shrank before his run for governor, nvestment manager TSW triggers succession plan, Alan Howard joins Peter Thiel investing in Cologne-based fintech startup[more]

    David Stemerman's hedge fund holdings shrank before his run for governor But the U.S. holdings of Stemerman's Greenwich hedge fund, Conatus Capital, shrank from $2.6 billion at the apex to just over $1 billion before he announced his move into politics. (Hartford Courant) Inv