Monday, 22 December 2014
Last updated 7 hours ago
Aug 8 2012 | 12:04pm ET
Investors pulled almost $5 billion from hedge funds in June, capping a 12-month period that has seen outflows of $32.1 billion.
The $4.9 billion outflow followed a May in which investors added $1.1 billion to hedge funds. Total industry assets dropped 1.3% to $1.71 trillion, according to BarclayHedge and TrimTabs Investment Research.
"The hedge fund industry can't seem to get out of the doldrums," BarclayHedge's Sol Waksman said. "Industry performance continues to lag popular benchmarks such as the S&P500, and asset growth has been flat for most of the past year."
Investors are pouring into eurozone hedge funds, hoping to profit from opportunities stemming from the continent's debt crisis. Inflows to such funds amounted to 3% of assets.
Funds of hedge funds, by contrast, continue to do terribly with investors; clients redeemed $8.7 billion from funds of funds last month, 1.7% of that industry's assets. June was the 13th month in the last 18 that funds of funds have suffered outflows.
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.