Monday, 22 December 2014
Last updated 8 hours ago
Apr 23 2013 | 9:49am ET
Hedge fund investors redeemed $12.4 billion in March, but net flows for Q1 2013 remained positive, at $7.6 billion, reports eVestment.
Performance added another $56.1 billion to bring total hedge fund industry assets under management to $2.664 trillion in the first quarter, a 2.5% quarter on quarter increase.
Early indications show funds of funds flows were highly negative again in Q1.
March saw investors crowding into credit strategies, which attracted about $4.6 billion during the month bringing their first quarter total inflows to $23.0 billion.
Macro funds saw redemptions worth an estimated $2.3 billion in March; nevertheless, Q1 flows remained positive, thanks mainly to continued allocations to a few large funds.
Q1 redemptions from managed futures funds were the largest since Q1 2009 while March redemptions from directional equity hedge funds reached $6.1 billion, bringing Q1 outflows to $9.2 billion. Investor flows have been negative for equity strategies for the last seven quarters, notes eVestment, matching the duration of outflows from equities during the financial crisis.
Outflows from emerging market funds have been declining for the past four months, turning positive in March while commodity fund flows brought that group into negative territory for Q1.
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.