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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n