Tuesday, December 28, 2010
Hedge Fund Managers Turn Extremely Bullish on U.S. Equities According to Survey
New York, NY – December 28, 2010 – Hedge fund managers have turned extremely upbeat on U.S. equities, according to the TrimTabs/BarclayHedge Survey of Hedge Fund Managers for December. About 46% of the 92 hedge fund managers the firms surveyed in the past week are bullish on the S&P 500, while only 19% are bearish.
“These bullish and bearish readings are the highest and lowest, respectively, since the inception of our survey in May,” said Sol Waksman, founder and President of BarclayHedge. “The enthusiasm is not surprising. Our Hedge Fund Index shows consistent gains in 13 of the past 14 years, and hedge funds are firmly on track for a profitable 2010.”
Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.
Labels: BarclayHedge press release, CTA, flows into CTAs, flows into hedge funds, hedge fund flows, hedge fund research, hedge funds
Friday, December 17, 2010
Global M&A Activity Up 25% Over Same Period in 2009
From the 4th Quarter, 2010 issue of Barclay Managed Funds Report. The full report also includes 24 hedge fund and managed futures performance ranking tables and in-depth manager profiles. Subscribe. View Roundtables from back issues.
Take a healthy dose of government stimulus, corporate balance sheet deleveraging, and a revived trend of corporate profit growth, and before long corporations find themselves flush with cash. Add to that a hoard of cash that is sitting idly in private equity funds and increasing interest from sovereign wealth funds in corporate acquisitions. Put it all together and you may very well have the necessary conditions in place for a merger wave.
So far in 2010 corporations have been putting cash to good work by increasing dividends, repurchasing stock, improving technology, and restocking inventory. No mode of cash utilization, however, has been as intriguing and buzzed about by Wall Street and Main Street more than the increased trend in merger and acquisition activity in 2010. Mergermarket reports that global M&A activity for the first three quarters of 2010 totaled $1.4 trillion, up 25% from the same period in 2009. And according to The Economist, global M&A grew by 40% and 43% in the first two years of recovery after the 2000-01 recession.
This phenomenon has not gone unnoticed by the hedge fund community. Multi-strategy and event-driven managers have increased their activity in the space while a flurry of new funds has also launched to capitalize on the opportunity set. In order to discuss the recent trends in M&A activity and explore the investment landscape for merger arbitrageurs, we’ve assembled a panel of expert practitioners in the field.
Our panelists are:
Drew Figdor, TIG Advisors, LLC.
Jeff O'Brien, Highland Capital Management.
Jonathan Spitzer, First Eagle Investment Management, LLC.
The complete article will be available on the BarclayHedge.com website in February2011. Subscribe to receive each issue of the Barclay Managed Funds Report as it comes out.
Labels: Barclay Managed Funds Report, Barclay Roundtable, long short equity
Tuesday, December 14, 2010
Barclay CTA Index Loses 1.08% in November; Trend Reversals in Currencies, Commodities, and Interest Rates are to Blame
FAIRFIELD, Iowa, December 14, 2010– Managed futures lost 1.08% in November according to the Barclay CTA Index compiled by BarclayHedge. The Index remains up 3.77% for the year.
“As concern mounted regarding the possibility of inflation in China, war in Korea, and the dissolution of the Euro, investors decreased their risk exposures,” says Sol Waksman, founder and president of BarclayHedge.
Read the entire Managed Futures Press Release by clicking here.
Labels: BarclayHedge press release, CTA
Monday, December 13, 2010
Barclay Hedge Fund Index Gains 0.56% in November; Hedge Funds Up 7.75% After Eleven Months
FAIRFIELD, Iowa, December 13, 2010– Hedge funds gained 0.56% in November according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 7.75% year-to-date.
“Hedge funds appear to be on their way to another profitable year,” says Sol Waksman, founder and president of BarclayHedge.
Read the entire Hedge Fund Press Release by clicking here.
Labels: BarclayHedge press release, hedge funds
Thursday, December 9, 2010
Good UCITS – Bad UCITS
The results may present some surprises in areas which investors tend to accept as non-important when deciding to purchase a UCITS fund.
Read the full study here.
Hedge Fund Due Diligence Reports
BarclayHedge and SwissAnalytics have teamed up to offer hedge fund and CTA due diligence. As a BarclayHedge member, you receive an ongoing $500 discount on "Silver" Due Diligence reports and an exclusive 10% discount on your first "Gold" or "Ops" Due Diligence Report from SwissAnalytics.
SwissAnalytics conducts due diligence on the entire range of alternative investment strategies and managers located anywhere in the world in a timely and cost-effective manner. Services are currently offered along three core lines: "Silver"-, "Gold"-, and "Ops"-Due Diligence.
To download a sample "Silver" Due Diligence Report, simply fill out this short request form.
Labels: cta due diligence, due diligence, hedge fund due diligence, hedge fund risk, hedge fund risk analysis
The AIFM (Alternative Investment Fund Managers) Directive
In his paper, Dermot dissects the latest developments of the AIFM Directive, and in particular, it’s impact on Third Country participants — non-EU AIFMs and non-EU AIFs.
Read the full study here.
Labels: Barclay Insider Report, commodity trading advisor, CTA, flows into hedge funds, Fund Administration Research Articles, funds of hedge funds, Hedge Fund Administration, hedge fund research
Tuesday, December 7, 2010
Capitalizing on Capitol Hill: Informed Trading by Hedge Fund Managers
In their paper they examine the hypothesis that hedge fund managers obtain an informational advantage in securities trading through their connections with lobbyists.
Download the full article here.
From the December 2010 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.
Labels: Barclay Insider Report, Barclay Insider Report Guest Article, flows into hedge funds
October Hedge Fund & CTA Performance
Commodity Trading Advisor performance for October as measured by the Barclay CTA Index averaged +2.28%. November's estimate based on the performance of the Barclay BTOP50 Index is -2.09%.
Hedge Fund Indices Managed Futures Indices
From the December 2010 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.
Labels: Barclay Insider Report, commodity trading advisor, hedge fund performance
TrimTabs/BarclayHedge Survey of Hedge Fund Managers - November Survey
The topical study from the December 2010 issue of The Hedge Fund Flow Report. Gain insight into industry trends and hedge fund asset flows before you make your next important decision.
- Hedge fund managers remain bearish on equities. About 39% of the 83 managers we surveyed in November are bearish on the S&P 500, while only 31% are bullish. Most managers responded on November 16, when the S&P 500 dove 1.6%, so our results might be skewed. But bearish sentiment exceeded bullish sentiment in six of the past seven surveys, which suggests managers are indeed predominantly bearish on U.S. equities.
- Bearish sentiment on the U.S. dollar index surged to 44% in November from 30% in October, while bullish sentiment held steady (33% against 32%).
- Sentiment on the 10-year Treasury is the biggest change in our November survey. Bearish sentiment soared to 49% from 28% in October, while bullish sentiment sank to 13% - the smallest reading since the inception of our survey in May - from 22%. We attribute the spike to the fact that Fed Treasury purchases are concentrated in short-term and medium-term securities. . .
Accredited investors can read the entire article for free.
From the December 2010 issue of The Hedge Fund Flow Report. The Hedge Fund Flow Report combines the accuracy of the BarclayHedge database with the analytical insight of TrimTabs Investment Research. The report is generated by TrimTabs Investment Research using the most current data on thousands of hedge funds. An annual subscription includes 12 monthly updates as well as a spreadsheet containing historical flow aggregates by category.
To download a free sample of the entire TrimTabs Hedge Fund Flow Report, simply fill out this short request form.
Labels: CTA, Hedge Fund Flow Topical Study, hedge funds
Monday, December 6, 2010
Hedge Funds Post Inflow of $16.0 Billion in October, Fourth Straight Inflow since November 2009
New York, NY – December 6, 2010 – TrimTabs Investment Research and BarclayHedge reported that the hedge fund industry posted an estimated inflow of $16.0 billion (1.0% of assets) in October 2010, the fourth straight inflow as well as the heaviest since November 2009.
“Flows are doubtless following performance,” said Sol Waksman, founder and President of BarclayHedge. “Hedge funds returned 1.95% in October and 7.10% in the four months following the May-June skid. Also, our preliminary data shows that hedge funds are outperforming the S&P 500 by about 21 basis points through November.”
Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.
Labels: BarclayHedge press release, CTA, flows into CTAs, flows into hedge funds, hedge fund flows, hedge fund research, hedge funds
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