Hedge fund managers are less optimistic that U.S. equities will rise in January compared to previous recent months, a survey of 20 hedge fund managers released on Tuesday found.
The monthly Greenwich-Van Advisors LLC survey of hedge fund investor sentiment found that just 35 percent of managers see the S&P 500 stock index posting gains by the end this month, compared to 56 percent holding the view at the start of December and 41 percent in November.
The survey was conducted on “macro” fund managers who typically bet on interest rate movements, currencies, derivatives and similar instruments. Collectively, they manage about $30 billion, the survey found, out of an estimated $1 trillion-plus in hedge fund assets.
The survey showed a mixed view for the performance of the dollar, with 45 percent of managers seeing the dollar trending lower in January, while 40 percent seeing the dollar moving higher.
