Hedge Fund Outflows Top $11 Billion In Q1

Jun 28 2010 | 11:40am ET

The hedge fund industry recorded negative net flows for first quarter 2010, according to the Lipper TASS Asset Flows Report.

Quarterly net outflows amounted to $11.05 billion, more than erasing the Q4 2009 inflows of $7.5 billion.

According to the report, Q1 2010 marked a polarization of money flows across hedge funds, with larger funds tending to post relatively larger and positive money flows, while smaller funds recorded relatively smaller and negative outflows.

On a four-quarter rolling-period basis, net money outflows from hedge funds amounted to $55.45 billion—an amount accounting for more than 15% of the sum of all negative quarterly money flows to the industry since first quarter 1994.

Despite the Q1 net outflows, global hedge fund assets are estimated to have increased quarter on quarter—from $1.34 trillion at the end of December 2009 to $1.39 trillion at the end of March 2010.

The bulk of net outflows in the first quarter were concentrated in strategies such as equity market-neutral, event-driven, managed futures, and multi-strategies.

Cumulative net inflows for the first quarter accounted for 0.91% of the beginning-of-quarter assets (it was 0.64% for the fourth quarter).


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note