Sun, Nov 29, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Bank of America Merrill Lynch report shows hedge funds lagging S&P 500

Monday, March 05, 2012
Opalesque Industry Update: Mary Ann Bartels, head of U.S. Technical Analysis at Bank of America Merrill Lynch reports that in their February Hedge Fund Monitor, the hedge fund flash return was up 1.19%, lagging the S&P 500 by 2.87%. Event Driven and Convertible Arbitrage performed the best for the month, up 2.36% and 1.48%, respectively; Equity Market Neutral performed the worst, down 0.83%. Bartels writes: “Our models indicate that Market Neutral funds bought market exposure to 7% from 5% net long. Equity Long/Short held steady market exposure at 21% net long. Macros bought the S&P 500 to flat, sold commodities, 10-year Treasury futures, EAFE and EM exposures. In addition, Macro hedge funds bought the NASDAQ 100 to a net long for the first time since last August” For the full report please go to Source.

Press Release


What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November