Mon, Jun 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

BofA Merrill Lynch’s investable hedge fund index up 0.93% month to date, 4.54% year to date

Wednesday, May 15, 2013

Beverly Chandler, Opalesque London: The latest Hedge Fund Monitor from Bank of America Merrill Lynch finds that macros are currently net long EAFE while short US equities. Stephen Suttmeier, Chief Equity Technical Strategist reported that the investable hedge fund composite index was up 0.93% month-to-date as of May 8, compared with a price return of 2.20% for the S&P 500 index, and had a year to date figure of 4.54%.

Key takeaways from the report include:

  • Hedge funds had a good start in May, rising 0.93% in the first week, but still underperformed S&P 500’s 2.20% advance.
  • Macro hedge funds aggressively bought EAFE exposures to near the 2012 high, while staying net short of the S&P 500 and NASDAQ 100.
  • Large speculators aggressively sold 30-year and 10-year Treasuries out of a crowded long. With Yen breaking above 100 for the first time in four years, large speculators have sizable net short positions in Yen.
In terms of performance, Convertible Arbitrage and Event Driven performed the best, up 1.29% and 1.19%, respectively. Market Neutral performed the worst and was down 0.42%.

In terms of hedge fund positioning by major strategies, BofA Merrill Lynch’s models indicate that Market Neutral funds increased market exposure to 11% from 10% net long. E......................

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. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider