Monday, 1 September 2014
Last updated 2 days ago
Aug 7 2012 | 11:37am ET
The Bank of America Merrill Lynch investable hedge fund composite index was up 0.06% as of August 1, trailing the S&P 500 which added 2.80% during the same period.
Long/short funds were the best performers, according to BofAML analyst Mary Ann Bartels, adding 0.52% while CTAs were the worst, shedding 0.71%.
Bartels, in the latest BofAML Hedge Fund Monitor, says market neutral funds’ market exposure fell to a negative 2% from 5% net long as equity long/short funds decreased market exposure to 24% from 26% net long (well below the 35-40% benchmark level).
Commodity Futures Trading Commission data shows large speculators last week were covering the S&P 500, buying the NASDAQ 100 aggressively and covering the Russell 2000, says Bartels.
Agricultural speculators bought corn and sold soybeans and wheat; metals speculators bought gold, silver, platinum and palladium; and energy specs sold crude oil, shorted natural gas and covered heating oil.
Forex speculators bought the euro, aggressively bought the yen and sold U.S. dollars. Interest rate speculators sold 30-year Treasuries and bought 10- and 2-year Treasuries.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...