Opalesque Industry Update - Bank of America Merrill Lynch’s latest Hedge Fund Monitor finds that hedge funds underperformed the market for the 1st
week of September, rising 0.33%, versus an S&P500
return of +1.7%. Macro hedge
funds increased their exposure to EM
and US$ while reducing
long exposure in
S&P500 and NASDAQ. Large speculators
further
reduced their S&P500 exposure
and
aggressively
reduced their Mexican Peso
position from net long to flat. Equity Long
Short and Event Driven performed the best, up 0.52% and 0.45% respecti
vely.
Convertible Arbitrage performed the worst, falling 0.36%. Press release bc |