iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Hedge Fund Managers Load the Equities Boat

“While some investors have been scared away by the stock market’s continuous climb to record highs in recent weeks, hedge funds apparently aren’t among them.

Hedge funds that deploy a “market neutral” strategy, meaning they typically hold equal amounts of long and short stock positions, were 18 percent net long as of July 2, according to Bank of America Merrill Lynch,¬†CNBC¬†reports. That compares with 10 percent net long two weeks earlier.

The funds are emphasizing growth and small-cap stocks in their long exposure.

Macro funds, which bet on macroeconomic trends through all kinds of asset classes, also have raised their long exposure to stocks in the S&P 500 and Nasdaq Composite indexes, according to the report….”

Full article

If you enjoy the content at iBankCoin, please follow us on Twitter