Fri, Apr 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Macros increase S&P500 exposure - BAML

Tuesday, May 06, 2014

Bailey McCann, Opalesque New York:

Hedge funds are increasing their long exposures to the S&P 500 - specifically macro funds are adding to their overall long positions according to the latest hedge fund monitor data from Bank of America Merill Lynch Global Research. Funds have also decreased stretched Russell short positioning. This marks the third week of gains in S&P 500 positions after hedge funds suffered a little whipsawing in March through the beginning of April.

The Diversified Investible Hedge Fund Composite Index is up 0.38% versus S&P500 which is up 1.93% on a price returns basis till April 30. Equity Market Neutral and Event Driven Funds performed the best during this period, up 2.65%.and 2.12% respectively. Models indicate that Market Neutral funds decreased market exposure to 7% net long from 10% net long. Equity Long/Short market exposure decreased to 39% net long from 44% net long; in line with the 35-40% benchmark level.

On a position level, funds increased their long positioning in Soybean futures, Corn and Wheat futures. They also increased Gold and reduced Copper shorts but decreased Silver longs. They decreased Platinum longs but increased Palladium longs. In Energy funds decreased their Crude longs and increased Natural Gas shorts. They also decreased 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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Performance - Blackstone profits plunge 77% as performance fees dive, Hedge fund stars' fortunes hostage to market swings, Hedge fund manager goes from billionaire to millionaire in profits plunge, Hedge funds biggest losers in SunEdison's 'magic money machine'[more]

    Blackstone profits plunge 77% as performance fees dive From FT.com: Blackstone, the world’s biggest manager of alternative investments from private equity to real estate, suffered from sharply lower performance fees amid turbulent markets in the first three months of the year, even as it

  3. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  4. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  5. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the