Mon, Sep 15, 2014
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. 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. Socially responsible investments provide higher yield[more]

    Komfie Manalo, Opalesque Asia: A study by New Amsterdam Partners showed that asset managers with high ESG (environmental, social and governance) ratings provide higher gains with their portfolios compared to managers with low ESG ratings. In a study entitled

  3. Rothschild sees ‘new monetary world’ and recommends hedges[more]

    From Valuewalk.com: Rothschild Wealth Management is concerned about complacency and somewhat befuddled about the potential for stimulus in the Eurozone given the economic indicators. In their September “Market Perspective” report, Rothschild observed that while the risks in the Ukraine and Syria are

  4. SEC charges Minnesota hedge fund manager with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has brought charges against Minneapolis-based hedge fund manager, Steven R. Markusen for bilking investors out of fees and portfolio pumping. According to the complaint, the management fees earned by Archer Advisors LLC were shrinking due to the funds’ w

  5. …And Finally – Immature[more]

    From Newsoftheweird.com: Princeton University professor John Mulvey, 67 (who teaches financial engineering applications), was charged in July with stealing 21 yard signs around the town of Princeton -- signs for a computer repair business owned by a man with whom he was feuding. Nathan McCoy,