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From Precy Dumlao, Opalesque Asia:
Global investment banking and securities firm Goldman Sachs has released its latest Hedge Fund Trend Monitor which analyzes the positions of 699 hedge funds with an estimated $1.2tln in gross equity assets as they stood at the beginning of the first quarter of 2011. According to the report's authors David J. Kostin, Stuart Kaiser, CFA, Amanda Sneider, CFA, and Yi Zhang, the summary also provides insights into the changes made by hedge funds from the previous quarter.
The researchers found that in the fourth quarter of 2010, the typical hedge fund increased its net long exposure to 50% compared with 39% at the end of the previous quarter. Amongst the top five stock favorite stocks in the report's Hedge Fund Very Important Position (VIP) list were: Apple Inc, Citigroup Inc. Microsoft Corp, JPMorgan Chase & Co., and Google Inc.
"The basket consists of the 50 stocks appearing most frequently among the top ten holdings of long/short hedge funds. The basket turnover during 4Q was in-line with historical average. Energy (Williams Cos Inc., Conocophillips, Plains Exploration & Prod Co., and Halliburton Co.) and Materials (Lyondellbasell Industries Nv, Chemtura Corp., Potash Corp Sask Inc., Airgas Inc.) account for eight of the 16 new constituents," the researchers said.
Hedge fund exposure to the commodities space
Commodity prices have surged by an a...................... To view our full article Click here
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