Friday, 28 November 2014
Last updated 16 hours ago
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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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