UBS: Hedge Funds Back To Buying Stock

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.


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note