Mon, Jul 6, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

After a run up, hedge funds reduce S&P500 exposure to a net short

Tuesday, March 18, 2014

Bailey McCann, Opalesque New York:

Following a big run up in recent weeks, hedge funds have cut their long exposures to the S&P500 back down to a net short, according to the latest hedge fund monitor data from Bank of America Merrill Lynch. Funds have also cut back slightly on the crowded long position in crude oil.

The Diversified Investible Hedge Fund Composite Index is down 0.26% till March 12 versus S&P500 which is up 0.47% on a price returns basis. Convertible Arbitrage performed the best during the same period, up 0.32%. CTA Advisors performed the worst in the same period, down 1.12%. Models indicate that Market Neutral funds increased market exposure to 26% net long from 11% net long. Equity Long/Short market exposure remained unchanged at 37% net long; in line with the 35-40% benchmark level. Macros funds maintained their long exposure to S&P500 and covered their short exposure to NASDAQ.

In terms of specific positions, funds decreased their long positioning in Soybean but increased their long positioning in Corn and Wheat futures. In metals funds increased Gold longs while marginally decreasing Silver longs. They also increased their Platinum and Palladium longs but increased Copper shorts.

......................

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: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner