Tuesday, October 5, 2010
Only 31% of Hedge Fund Managers Bullish on S&P 500 According to Survey; Mgrs Attribute Record Company Cash Balances to Economic/Political Uncertainty
New York, NY – October 5, 2010 – Only 31% of hedge fund managers are bullish on the S&P 500, according to the TrimTabs/BarclayHedge Survey of Hedge Fund Managers for September. About 37% of the 109 hedge fund managers surveyed are bearish on stocks, while 32% are neutral.
“Hedge fund managers were extremely bearish on equities at the end of August, and they remain downbeat even though the S&P 500 soared 8.8% in September,” said Sol Waksman, founder and president of BarclayHedge. “Negative sentiment has proven costly, as the industry underperformed by more than 500 basis points last month. But managers are sticking to their bearish guns; four in 10 are forecasting stock prices will fall at least 2% in the coming weeks.”
Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.
Copyright © 2010 by Barclay Hedge
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