Tuesday, July 5, 2011
Hedge Fund Managers Turn Bearish on U.S. Equities, According to Survey
New York, NY – July 5, 2011 – Hedge fund managers have turned bearish on U.S. equities, according to TrimTabs Investment Research and BarclayHedge. About 38% of the 87 hedge fund managers the firms surveyed are bearish on the S&P 500, up from 29% in May and the highest share since February. Only 27% of managers are bullish, down from 30% in May.
“Downbeat views on domestic stocks characterized the first half of 2011,” says Sol Waksman, founder and President of BarclayHedge. “Hedge fund managers were net bearish on the S&P 500 in four of the first six months of the year. The grim mood coincides with weak performance. The Barclay Hedge Fund Index shows a year-to-date return of just 1.8% after increasing 10.9% in 2010.”
Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.
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