Hedge Funds
Hedge funds added to their equity exposure last week amidst general market softness, according to the latest edition of Bank of America Merrill Lynch’s Hedge Fund Monitor, while also buying the most 10-year Treasury contracts since August 2010. Large hedge funds bought NASDAQ 100 contracts for the sixth consecutive week, noted BofAML, while money managers also broke a new record on weekly selling of gold. Meanwhile, BofAML’s investable Hedge Fund Composite index dipped 0.48% last week and is now up 1.09% QTD through Nov. 11, the company noted. CTA advisors and Macro strategies performed the best last week, and were up 0.92%...