August 30, 2010 / 9:58 PM / 9 years ago

Hedge fund mgrs more bearish on US stocks - report

BOSTON, Aug 30 (Reuters) - Almost half of all hedge fund managers are bearish about the U.S. stock market, up from 33 percent a month earlier, according to a new report released on Monday.

Forty-seven percent of 104 hedge fund managers polled by TrimTabs and BarclayHedge in the last week said they were bearish on the Standard & Poor’s 500 index, the research groups said.

Only about 17 percent respondents said they were bullish on the S&P 500, down from 34 percent a month ago, they noted.

“The developments hedge fund managers are telegraphing bode ill for equities,” BarclayHedge Chief Executive Sol Waksman said in a statement.

U.S. stocks are squarely in the red for the year after a recent drop on worries that the U.S. economy is not growing as quickly as many investors had hoped only a few weeks ago. (Reporting by Svea Herbst-Bayliss; Editing by Richard Chang)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below