Thursday, March 10, 2011
TrimTabs/BarclayHedge Survey of Hedge Fund Managers - February Survey
The topical study from the March 2011 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 have turned bearish on U.S. equities. About 40% of the 89 managers we surveyed in the past week are bearish on the S&P 500, up 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. Note that most respondents completed the survey on Tuesday, February 22 when the S&P 500 sank 2.1%.
- Historical data does not suggest that the three-month rally will lead to a correction. The Dow Jones posted 79 three-month win streaks in the past 74 years, and the index generally increased in the following months.
- Short interest data confirms the bearish turn in sentiment. NYSE short interest increased 2.8% (353 million shares) in the first half of February, the largest increase since August 2010. Short bets are concentrated in Consumer Discretionary and Materials, two of the most economically sensitive sectors. . .
Accredited investors can read the entire article for free.
From the March 2011 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.
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