Wed, Sep 17, 2014
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. Investing - Big hedge funds show interest in Alibaba, Maglan joins other hedge funds in rush to Argentinian assets[more]

    Big hedge funds show interest in Alibaba From Hereisthecity.com: …Three other major hedge fund investors who have shown interest in the IPO are Dan Loeb of Third Point, David Tepper of Appaloosa Management and Dan Benton of Andor Capital Management. All three were among the roughly 800 p

  2. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  3. Investors move capital out of Scotland ahead of referendum[more]

    Benedicte Gravrand, Opalesque Geneva: Ahead of Scotland’s independence referendum on September 18, asset managers, investors and pension savers are moving billions of pounds out of the country,

  4. Indices - Greenwich Global Hedge Fund Index up 1.57% in August (+4.22% YTD), Eurekahedge Hedge Fund Index rebounds in August gaining 1.36% (4.22%), Lyxor Hedge Fund Index was up 0.9% in August (YTD +1.7%)[more]

    Greenwich Global Hedge Fund Index up 1.57% in August (+4.22% YTD) The Greenwich Global Hedge Fund Index ended the month of August up +1.57%. Equity markets were up in August with the MSCI World Index up +2.00%. This was primarily driven by the performance of the S&P 500 which was up +4.

  5. Alpha Strategic buys stake in Premium Point Investments[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Alpha Strategic plc, a affiliate of