Hedge Funds Add 0.91% In Sept, Shutdown Delays CFTC Data

Oct 7 2013 | 1:39pm ET

Hedge funds returned 0.91% in September, according to the Bank of America Merrill Lynch investable hedge fund composite index.

Event-driven and equity long/short funds performed the best, up 2.01% and 1.19%, respectively. CTAs were the worst performers, shedding 0.90%.

BofAML analyst MacNeil Curry said market neutral funds reduced market exposure to 0% net long from 2% net long over the monitored period while equity long/short funds maintained market exposure at 38% net long, in line with the 35-40% benchmark level.

Macros increased their long exposures to the S&P500, the NASDAQ, commodities, the U.S. dollar and 10-year Treasuries. They continued to decrease their small-cap tilt and, abroad, increased their exposure to emerging markets while maintaining their EAFE shorts.  

Curry normally looks at significant hedge fund moves based on data from the Commodity Futures Trading Commission, but those numbers were not available due to the government shutdown.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of