Mon, Sep 25, 2017
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. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  3. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  4. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  5. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N