Monday, November 29, 2010
Hedge Fund Managers Remain Predominantly Downbeat on U.S. Equities According to Survey; Managers Nonetheless View QE2 as Gift Horse
New York, NY – November 29, 2010 – Hedge fund managers remain predominantly downbeat on U.S. equities, according to the TrimTabs/BarclayHedge Survey of Hedge Fund Managers for November. About 39% of the 83 hedge fund managers surveyed are bearish on the S&P 500, and bullish sentiment sank to 31% from 36% in October.
“Moods are still somewhat sour, but hedge funds returned 7.0% in the four months ended October following a rough patch in May and June,” said Sol Waksman, founder and President of BarclayHedge. “About 80% of the funds that reported returns for the January-October period are profitable in 2010.”
Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.
Copyright © 2010 by Barclay Hedge
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