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

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.