Thu, Jun 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

BofAML flash return shows hedge funds up 1.19% to July 24, 3.74% year to date

Monday, July 29, 2013
Opalesque Industry Update - The latest Bank of America Merrill Lynch Hedge Fund Monitor shows that the Investable Hedge Fund Composite Index was up 1.19% for the month of July as of July 24, underperforming the S&P 500 index's price return of 4.96%. Equity Long Short and Event Driven performed the best, up 2.51% and 1.80%, respectively. CTA Advisor performed the worst, falling 0.61%.

Examining hedge fund positioning by major strategies, the bank reported that its models indicate that Market Neutral funds reduced market exposure to 5% net short from 11% net long. Equity Long/Short decreased market exposure to 39% net long from 44%; in line with the 35-40% benchmark level. Macros continued to reduce their long exposures to the S&P 500 and NASDAQ 100 indexes, maintained their long positions in commodities, bought the US Dollar index while partially covering their shorts in the 10-yr Treasuries. Overseas, they added to their EAFE shorts to a crowded short, and reduced EM exposures to flat.

Press release

bc

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. Comment: For emerging market debt, a sustainable recovery[more]

    Matthias Knab, Opalesque: Standish Mellon Asset Management Company writes on Harvest Exchange: After several difficult years, the outlook for emerging market debt (EMD) denomin

  2. J.P. Morgan Global Alternatives raises distressed shipping fund[more]

    From Institutionalinvestor.com: J.P. Morgan Global Alternatives has closed a $480 million fund to invest in distressed shipping assets, attracting capital from pensions, endowments and insurance companies. The firm, which has been investing in maritime for more than a decade, initially targeted $400

  3. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  4. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  5. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is