Tue, Oct 13, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

As S&P hits new highs, hedge funds reduce short positions

Wednesday, July 09, 2014

Bailey McCann, Opalesque New York:

While last week saw record highs in the broader market, hedge funds also cut their short positions in S&P500. Technicals suggest remaining bullish, according to the most recent hedge fund monitor data from Bank of America Merrill Lynch Global Research. Funds increased Russell shorts and decreased NASDAQ longs, marking the second week of sell offs on both indexes.

The Diversified Investible Hedge Fund Index is up 2.1% versus S&P500 which was up 6.8% on a price return basis. Models indicate that Market Neutral funds increased market exposure to 18% net long from 15% net long. Equity Long/Short market exposure decreased to 33% net long from 41% net long; below the 35-40% benchmark level.

At the position level, funds decreased Crude and Gasoline longs. They increased Natural Gas shorts but increased Heating Oil longs. In metals, funds increased their Gold, Silver and Platinum longs and reduced Copper shorts. Long positioning in Gold, Silver and Platinum is at a one year high.

In currencies funds increased GBP and AUD longs. GBP longs are at multiyear high while AUD longs are at one year high. Wheat and Corn have now been sold for eight successive weeks.


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 - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From Marketrealist.com: In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  2. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Bloomberg.com: Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  3. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From Mondaq.com: The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  4. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i

  5. …And Finally - Japanese men want upgrade on their virtual girlfriends[more]

    From Newsoftheweird.com: Five years after News of the Weird mentioned it, Japan's Love Plus virtual-girlfriend app is more popular than ever, serving a growing segment of the country's lonely males -- those beyond peak marital years and resigned to artificial "relationships." Love Plus models (Rinko