Sun, Nov 23, 2014
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. Greenlight Re CEO says hedge fund reinsurance strategy buzz is validating[more]

    From Artemis.bm: The attention being paid to the hedge fund reinsurance business model and the fact that others are now looking to leverage bits of it within their own strategies, is validating for reinsurer Greenlight Capital Re, according to CEO Bart Hedges. There has been an increasing buzz

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  5. Hedge fund Oceanwood raises $2bn, to close to new investors[more]

    From Reuters.com: Europe-focused hedge fund Oceanwood Capital Management is closing its fund to new investors after its assets under management hit $2 billion (1 billion pounds) recently, a source with direct knowledge of the matter said. Oceanwood, a multi-strategy hedge fund spinout from Tudor Gro