Friday, 31 October 2014
Last updated 12 hours ago
Jan 4 2012 | 2:10am ET
Investors returned to hedge funds in November, even as the industry lurched towards its second-worst year in history.
Hedge funds took in $3.6 billion in new money in November, according to BarclayHedge and TrimTabs Investment Research. The inflows, which boosted the industry's size to $1.71 trillion, follow two consecutive months of outflows, totaling $11.6 billion.
"After months of outflows across nearly every hedge fund category, November saw outflows in only two investment styles," BarclayHedge's Sol Waksman said.
Those two where emerging markets and long/short equity strategies, which suffered outflows of $1.3 billion and $1 billion, respectively. By contrast, multi-strategy and macro funds pulled in the dollars, with the former adding $1.5 billion and the latter $981 million.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Traders form habits quickly. Understanding these and their effects can better equip us to decipher actual market moves.