Thursday, June 2, 2011
TrimTabs/BarclayHedge Survey of Hedge Fund Managers - May Survey
The topical study from the June 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 neutral on U.S. equities. About 30% of the 76 managers we surveyed in the past week are bullish on the S&P 500, up from 23% in April, while 29% are bullish, down from 34%. Note that a majority of managers were bearish in each of the previous three months.
- The equity futures positions of speculative traders are perfectly balanced, which also suggests neutral sentiment. Additionally, the beta of the hedge fund industry - a measure of the industry’s exposure to equities - is in-line with historical averages.
- Managers could behave much more aggressively in the coming months. About 34% plan to lever up • in the near term, while only 8% aim to decrease leverage, the smallest share since the inception of our survey a year ago. . .
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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