Monday, March 7, 2011
Hedge Fund Managers Turn Bearish on U.S. Equities According to Survey
New York, NY – March 7, 2011 – Hedge fund managers have turned bearish on U.S. equities, according to the TrimTabs/BarclayHedge Survey of Hedge Fund Managers for February. About 40% of the 89 hedge fund managers the firms surveyed in the past week are bearish on the S&P 500, up sharply from 26% in January, while only 26% are bullish, down from 37%.
“Bullish sentiment less bearish sentiment is negative for the first time since November,” said Sol Waksman, founder and President of BarclayHedge. Increased caution might owe in part to excellent recent performance. The Barclay Hedge Fund Index has posted a positive return for six straight months.”
Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.
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