Watch for more hedge fund outflows to come. [dalio] After the S&P 500 index briefly breached the 2,100 level on Wednesday, touching a high of 2102.40, it has sold off ever since and today ended trading at 2087.79. In this environment, a JPMorgan report shows that managed futures CTAs are only lightly exposed to stocks and “have a lot of room to add equity exposure from here.” Many fund managers are disappointed they missed the recent rally, but even if they catch it and improve performance, it might not matter relative to assets managed as more redemptions could be on…
JPMorgan Says More Hedge Fund Outflows To Come; SWFs Also Selling
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.