Sun, May 24, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds positive market exposures reach historic levels - Bank of America Merrill Lynch

Monday, August 19, 2013

Bailey McCann, Opalesque New York:

Equity Market Neutral and Long/Short continued to increase their market exposure to above historical average. However, readings are not at extremes, according to the latest hedge fund monitor data from Bank of America Merrill Lynch Global Research. Despite increases in exposure, funds were up 0.93% for July, underperforming the S&P 500.

According to the data, Market Neutral funds raised market exposure to 15% net long from 6% net long. Equity Long/Short also increased market exposure to 42% from 40% net long; slightly above the 35-40% benchmark level.

The Global diversified Hedge Fund Composite Index was up 0.93% for July, compared to a price return of +4.95% for the S&P 500 index. In terms of strategies, Equity Long Short and Event Driven performed the best, up 2.14% and 1.63%, respectively. Short Bias performed the worst, falling 3.54%.

In commodities, funds aggressively bought silver out of a contrarian buy zone, gold remains in a contrarian buy zone. Overall, funds went after metals across the board buying gold, silver, platinum and palladium, while partially covering copper shorts. Agriculture futures remained largely unchanged. In currencies, funds aggressively bought Euro, sold the US Dollar Index, partially covered their shorts in YEN and ......................

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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. Opalesque Exclusive: Ovation Partners targets opportunities where few "natural lenders" participate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Changes in financial regulations post-2008 (Dodd-Frank and Basel III) are forcing banks to significantly alter their core lending businesses. And as mid-sized

 

banner