Tue, Jun 28, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds end Q1 in positive territory - still lag S&P500

Wednesday, April 09, 2014

Bailey McCann, Opalesque New York:

Hedge funds ended the first quarter of 2014 up 1.31% but that wasn't enough to beat the broad index which was up 2.01% for the same period according to the latest hedge fund monitor data from Bank of America Merrill Lynch Global Research. In terms of strategies, Event Driven funds and Equity Market Neutral performed the best during this period, up 3.11% and 2.46% respectively. models indicate that Market Neutral funds increased market exposure to 7% net long from 6% net long. Equity Long/Short market exposure decreased to 38% net long from 39% net long; in line with the 35-40% benchmark level.

After weeks of swinging back and forth, funds appear to be holding on their long exposure to the S&P500, opting instead to unwind some of their favored trades as evidenced by recent large sell-offs in NASDAQ and the Goldman Sachs VIP list of favored names. On the currency side, funds are increasing US dollar exposures as well.

In terms of positions, funds increased their long positioning in Soybean, Corn and Wheat futures. In metals, funds decreased Gold, Silver, Platinum and palladium longs. They also decreased Copper shorts. In energy, funds increased their Crude longs, reduced Natural Gas & gasoline short, but doubled Heating Oil 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. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  2. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  3. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  4. Visium hedge fund manager Sanjay Valvani found dead[more]

    Benedicte Gravrand, Opalesque London: A hedge fund manager connected with an insider trading case has apparently committed suicide. Sanjay Valvani, 44, a hedge fund manager at New York-based Visium Asset Management, was found dead in an apparent suicide on 21 June in his Brooklyn residence,

  5. People - Mariner Investment’s co-CIO Williams to leave $5.5bn firm, IOOF hires new alternatives portfolio manager[more]

    Mariner Investment’s co-CIO Williams to leave $5.5bn firm From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until t