Thursday, 25 December 2014
Last updated 14 hours ago
Jun 13 2012 | 8:32am ET
Hedge funds saw outflows of $5.1 billion in April, reversing the $2.8 billion inflow of March, according to data from BarclayHedge and TrimTabs Investment Research.
BarclayHedge/TrimTabs estimated total industry assets at $1.7 trillion in April, up 1.6% for the first four months of 2012.
Between May 2011 and April 2012, over $12.7 billion flowed out of hedge funds and there were net outflows in six of the 12 months. “That’s a sharp contrast from the previous 12 months, when the industry saw a net inflow of $90.7 billion and just three monthly outflows,” said Sol Waksman, founder and president of BarclayHedge.
Hedge funds were down 0.59% in April, outperforming the S&P 500 which lost 0.75% for the month. Over the first four months of 2012, however, hedge funds have trailed the stock index, returning 5.0% compared to 11.2% for the S&P 500.
Fixed income, multi-strategy and macro funds have attracted the largest cash inflows in the past 12 months. “With interest rates near zero and central bankers flooding the markets with liquidity, fixed-income investors are chasing any yield they can get,” said Charles Biderman, founder and CEO of TrimTabs. Emerging market and equity long-bias funds posted the highest outflows over the same time period.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.