Sun, Dec 4, 2016
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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Europe - UK investors to pay more tax on money in offshore funds, Do you want to hand your money to super-algo or a Swiss banker?[more]

    UK investors to pay more tax on money in offshore funds From FT.com: Hedge funds in Dublin and Luxembourg are set to be hit by new rules that will force UK investors to pay more tax on the money they hold in offshore funds. As part of the government’s Autumn Statement on the country’s fi

  3. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  4. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  5. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan