Saturday, 27 December 2014
Last updated 3 days ago
Mar 20 2009 | 2:03am ET
It’s been a long time coming, but hedge funds are betting on stocks once more.
For the first time since October, U.S. hedge funds clients of UBS were net purchasers of equities, according to a report from the bank’s chief equity strategist, David Bianco. In the four weeks through March 13, hedge funds averaged $140 million in net purchases of stock.
The most popular sectors for the new stock inflows were healthcare, consumer and industrial companies. Hedge funds have still not sweetened on financials or energy companies.
The move back into stocks comes as the Standard & Poor’s 500 Index, which hit a 12-year-low on March 9, began something of a rebound. As usual, hedge funds are somewhat ahead of the curve—if, indeed, the market rebound is for real—as most other investors remained net sellers of stock, according to UBS.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.