Sun, May 1, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds still lagging S&P 500, commodities under pressure

Wednesday, March 20, 2013

Bailey McCann, Opalesque New York: Hedge funds continue to lag the market, according to new data from lead hedge fund analyst Mary Ann Bartels at Bank of America Merrill Lynch Global Research. The preliminary February return for the Global Diversified Hedge Fund index was a gain of 0.17% compared to the S&P 500 gain of 1.11%. The Investable Hedge Fund weekly index is up 0.65% MTD for March, while the S&P is up 2.63%.

Commodities are also under pressure as hedge funds sell out of their positions. Macro hedge funds aggressively sold commodities for the first time since January, while other large speculators sold energy across the board out of a crowded long. Only crude remains in a crowded long position. Wheat remains on the edge of a crowded short. Funds bought gold & palladium, sold silver & platinum, and were flat in copper. Gold remains in a buy zone. Palladium stays in a crowded long.

In terms of strategies, CTA Advisors performed the best, up 1.27%. Market Neutral performed the worst and were flat for the same period. Market Neutral funds held market exposure steady at 9% net long. Equity Long/Short sold market exposure to 28% from 35% net long, below the 35-40% benchmark. Long/Short funds are showing a preference for growth over all other factors.

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

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. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  2. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n