GREENWICH, Conn. (HedgeWorld.com)–Hedge fund managers were divided over the direction they expect for U.S. stocks in February, according to a survey conducted monthly by Van Hedge Fund Advisors International LLC.
The VAN Macro Sentiment Indicators found that for this month 43% take a bullish view of the Standard & Poor’s 500 stock index, 35% are bearish and 22% are neutral. That’s down on the optimism scale from January, when 57% of surveyed managers had a bullish outlook on U.S. equities.
The survey totals responses monthly from 20 to 30 managers who oversee approximately US$30 billion in assets. John Van, chief financial officer for Van Hedge Fund Advisors, noted that the sentiment indicators provide a glimpse of managers’ outlook at the beginning of the month and could reflect short-term views and possibly either short-term or core positions.