Hedge Funds Add 0.50% In February

Feb 19 2013 | 1:23pm ET

The investable hedge fund composite index was up 0.50% month-to-date as of February 13, 2013, according to the latest Bank of America Merrill Lynch Hedge Fund Monitor.

Analyst Mary Ann Bartels said their models indicate market neutral funds maintained their market exposure at 11% net short during the monitored period while equity long/short funds aggressively bought market exposure to 29% from 19% net long, still well below the 35-40% benchmark.

Macros sold the S&P 500, NASDAQ 100, commodities and 10-year Treasuries, and slightly covered their shorts in U.S. dollar futures. They also added to their shorts in emerging markets while partially covering Europe, Australasia and Far East shorts.

Commodity Futures Exchange Commission data shows large equities speculators sold the S&P 500, NASDAQ 100 and Russell 2000 futures while agriculture specs bought soybean, sold corn and added to their shorts in wheat.

Metals speculators sold gold and silver, remained flat copper while slightly buying platinum and palladium. Gold moved back into a buy zone. Energy specs bought crude and heating oil, were flat gasoline and partially covered natural gas.

Forex speculators sold euros, were flat the U.S. dollar and partially covered the yen. Interest rate specs aggressively bought 2-yr Treasuries, bought 10-year Treasuries and partially covered 30-year Treasuries.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.