Sat, Aug 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds sell off equities

Wednesday, May 28, 2014

Bailey McCann, Opalesque New York:

Hedge funds have sold their S&P500 exposures to a net short, and increased their shorts on the Russell 2000 to the largest in two years according to the latest hedge fund monitor data from Bank of America Merrill Lynch Global Research. The sell off accounts for the strongest weekly selling of the S&P500 in two years as well. Technicals are bearish on the Russel 2000.

The Diversified Investible Hedge Fund Composite Index is down 1.15% versus S&P500 which is up 0.84% on a price returns basis through May 21. A majority of the sub-indices lagged with Equity Long Short performing the worst, down 2.75%. CTA advisors performed the best up 0.72%. The uptick in CTA performance is notable following quarters of lag. Models indicate that Market Neutral funds decreased market exposure to 26% net long from 33% net long. Equity Long/Short market exposure decreased to 25% net long from 28% net long; below the 35-40% benchmark level.

At the position level funds increased their Gold and Silver longs and decreased Copper shorts. They maintained Platinum and Palladium longs. In Energy, funds increased their Crude longs and increased Natural Gas shorts. They also decreased Heating Oil shorts and decreased Gasoline oil longs.......................

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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new