Tuesday, 28 July 2015
Last updated 13 hours ago
Jul 13 2010 | 1:21pm ET
Hedge funds took in $4 billion in new money in May, but spent the month losing even more.
Hedge funds suffered their worst month in 18 in May, leaving the global industry with $30 billion less at the end of the month than at the beginning, according to TrimTabs Investments Research and BarclayHedge. It’s the third month in the last four that poor performance wiped out an inflow, and thensome.
And things aren’t likely to get much better for the $1.58 trillion industry. Some 37% of managers surveyed were bearish on the Standard & Poor’s 500 Index, with only 19% counting themselves as bullish. And hedge funds may not have monthly inflows to continue to rely on: “Flow data won’t show a hit until June because most funds allow redemptions only on a quarterly basis,” Sol Waksman, CEO of BarclayHedge, said.
May 27 2015 | 2:15pm ET
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