Monday, November 1, 2010
Hedge Fund Managers Remain Downbeat on U.S. Equities According to Survey; Managers Cite Currency Wars as Biggest Threat to Global Financial Stability
New York, NY – November 1, 2010 – Hedge fund managers remain downbeat on U.S. equities according to the TrimTabs/BarclayHedge Survey of Hedge Fund Managers for October. About 39% of the 102 hedge fund managers the firms surveyed in the past two weeks are bearish on the S&P 500, up from 37% in September.
“The lean toward bearishness surprises us a bit because extreme caution in September produced substantial underperformance,” said Sol Waksman, CEO of BarclayHedge. “We suspect managers will invest much more aggressively in the current quarter. Stock prices keep grinding higher, and hedge funds hauled in $18.8 billion in the past three months. Managers have to put that fresh cash to work.”
Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.
Copyright © 2010 by Barclay Hedge
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