During the first week of July, Asset Managers gained long exposure to equity derivatives and the long end of the US yield curve while selling the short end, a Bank of America Merrill Lynch derivatives positioning report notes. Certain managed money likes the more industrial metal silver and is fading gold against relative strength concerns, the report concluded, citing CFTC trading data. Looking at a momentum radar, analysts note that in two key CTA markets their indicators are pointing to a potential trend change.
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.
By David von Leib
I shared a car service home today with a first-loss fund of funds manager who bragged that he can go to Goldman Sachs and get 20-1... Read More
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Here’s a quick roundup of the latest from The Delivering Alpha conference, hosted by CNBC and Institutional Investor, going on in New York today.
Treasury Secretary Timothy Geithner
Juliet Chang, of... Read More
On September 15, 2008, US investment bank Lehman Brothers, which was once one of the world's financial institutions, filed for bankruptcy with $639 billion in assets and $619 billion... Read More
As local governments’ activities are facing multiple headwinds in China, Chinese growth hinges on the will and means of local governments, notes Goldman Sachs.
Andrew Tilton and team at Goldman... Read More
