Tuesday, 2 September 2014
Last updated 10 min ago
Sep 11 2012 | 10:16am ET
Investors pulled $7.4 billion out of hedge funds in July after reclaiming $4.2 billion in June, according to the latest numbers from BarclayHedge and TrimTabs.
Based on data from 3,119 funds, the TrimTabs/BarclayHedge Hedge Fund Flow Report estimated that industry assets were $1.87 trillion in July, down 23.2% from their June 2008 peak of $2.4 trillion.
“We've seen a notable reversal in hedge fund industry fortunes during the past year,” said Sol Waksman, founder and president of BarclayHedge. “The industry experienced outflows in seven of the 12 months from August 2011 to July 2012, losing a net $29.3 billion. From August 2010 to July 2011, the industry gained $96.2 billion with inflows in 10 out of 12 months.”
The research firms also track fund performance and found that only macro funds outperformed the S&P 500 in July, adding 1.5% (to the stock index’s 1.26%).
Fixed-income, one of the best performing strategies over the past year, ended up mid-pack in July, returning 0.8% (and seeing outflows of $188 million).
In regional terms, Continental Europe funds had the highest July returns at 1.3%, but still experienced outflows worth 3.3% of assets.
According to the August 2012 TrimTabs/BarclayHedge Survey of Hedge Fund Managers, sentiment is evenly divided between neutral and bullish on the performance of the S&P 500 for September.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...