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Hedge Funds Short S&P 500, Long International Stocks As Gold Shines

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Mark Melin
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Hedge funds increasing S&P 500 short exposure while a long trend in the currency market could be coming to an end and interest rates are witnessing leveraged funds in an interesting relative value position along the yield curve. Deutsche Bank global research notes that, as the price of oil has been dropping and gold on an up and down trend pattern generally higher, hedge fund positioning has indicated similar exposure patterns to benefit from such moves.

Hedge funds DB 10 27 HF positioning

Gold is shining in hedge fund eyes as momentum signals on their toes

The price chart of gold has not exactly mimicked the stock market. While The S&P 500 index...

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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.