News Formal

U.S. Hedge Funds Cut Exposure to S&P 500 as Market Volatility Increases

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 24 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 44%
  • Publisher: 63%

Finance ニュース

U.S.,Hedge Funds,S&P 500

U.S. equity long/short hedge funds have reduced their exposure to the S&P 500 to the lowest level in six years, as portfolio managers take a more defensive approach amid concerns about the macroeconomic environment. The funds' beta, or volatility, has also decreased, indicating less sensitivity to market swings.

Watch onNEW YORK - U.S. equity long/short hedge funds have cut to six year lows the level at which swings in the S&P 500 affect their profits or losses, as portfolio managers are taking less directional bets, data from hedge fund research firm PivotalPath showed.

A stocks rally concentrated in a few sectors - such as mega cap tech companies - has not generated the usual spike in confidence surrounding broader rallies, he added. This more neutral positioning has translated into lower gains for hedge funds this year. Fundamental equity long/short hedge funds focused on the U.S. are up 8.2% this year through September, according to PivotalPath, below the S&P 500 return of almost 12% in the first nine months of the year.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 45. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し