Thu, Aug 21, 2014
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. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Private equity follows hedge funds into reinsurance for long-term capital[more]

    From Artemis.bm: It’s not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management. The entry of large pr

  3. North America – New York City’s next hot neighborhoods targeted with property funds[more]

    From Bloomberg.com: New York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods. The veteran of Goldman Sachs Group Inc. and hedge

  4. Investing – George Soros bets $2bn on stock market collapse, Warren Buffett's Berkshire reveals Charter stake, cuts DirecTV, Hedge funds lusting to cash out of MGM, Top hedge fund managers are buying Ally Financial, Hedge funds dumped 5m Herbalife shares in Q2, Paulson & Co hedge fund ups Puerto Rico real estate bet, Netflix Inc., Citigroup Inc, Google Inc are top new picks in Tiger Management’s 13F[more]

    George Soros bets $2bn on stock market collapse From Newsmax.com: Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion. The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Inde

  5. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added