Fri, Apr 28, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

BofAML report finds investable hedge fund index up 0.94% for the month of May, 4.55% year to date

Tuesday, June 04, 2013

Beverly Chandler, Opalesque London: Key takeaways this week from Bank of America Merrill Lynch’s Hedge Fund Monitor include the investable hedge fund composite index was up 0.94% for the month as of May 29, underperforming S&P 500’s 3.18% gain and giving a year to date return of 4.55%. Other highlights reported by the BofAML include:

  • Macros increased EM exposure to its highest point since October 2011 and went net long risk assets, specifically the S&P 500, NASDAQ 100 and commodities (using the S&PGSCI) .
  • Large speculators bought Wheat out of a crowded short. They bought US equity futures and sold treasuries to a net short across the board. NASDAQ positions are at record high.
  • Convertible Arbitrage and Event Driven performed the best, up 3.54% and 2.09%, respectively. Macro performed the worst and was down 0.75% - BofAML says this is not a surprise given their recent net short positions in US equities,

In terms of examining Hedge Fund positioning by major strategies, the bank’s models indicate that Market Neutral funds have reversed their market exposure and have now moved to a 6% net short position from 6% net long. Equity Long/Short maintained market exposure at 32% net long, just below the 35-40% benchmark level. Macros bought risk assets, moving to a net long in the S&......................

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 Exclusive: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Hedge funds holding Puerto Rico bonds are looking at a long battle[more]

    Komfie Manalo, Opalesque Asia: Hedge funds which bought Puerto Rico's distressed debt bonds are facing the prospect of a long road ahead to recover their investments as the Caribbean island is attempting to use a U.S. Congress-approved rule that allows it to exploit a bankruptcy-like proceedings

  3. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  4. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  5. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob