Hedge Funds Attract $11B In February

Apr 11 2013 | 9:14am ET

Hedge funds took in a net $11.4 billion in February, despite performance that lagged that of the S&P 500.

The positive February numbers follow January inflows of $4.3 billion, according to the latest data from BarclayHedge and TrimTabs Investment Research.

“The hedge fund industry continues to struggle with performance,” said Sol Waksman, president and founder of BarclayHedge. “The industry delivered a return of 0.4% in February, less than half of the S&P 500’s 1.1% rise. In the past 12 months, hedge funds earned 5.8%, while the S&P 500 rose 10.9%.”

The results are based on data from 3,434 funds.

Funds of hedge funds continued to shed assets, losing $3.3 billion in February and $54.3 billion in the past 12 months. They underperformed the hedge fund industry by 216 basis points in the past 12 months.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...