Monday, 1 June 2015
Last updated 6 hours ago
May 8 2013 | 10:35am ET
Investors kept a tight hold on the purse strings in March, putting a 'meager' $817 million into hedge funds compared to February inflows of $11.4 billion, according to BarclayHedge and TrimTabs Investment Research.
Fixed Income and multi-strategy were the only strategies to post inflows in the past 12 months, said Sol Waksman, president and founder of BarclayHedge, in the latest Trimtabs/BarclayHedge Hedge Fund Flow Report.
The report, based on data from 3,409 funds, noted that the hedge fund industry continues to lag the S&P 500.
“The industry delivered a return of 1.1% in March, less than one-third of the S&P 500’s 3.6% rise. Although hedge funds delivered positive returns in 10 of the past 12 months, they trailed the S&P 500 by 450 basis points,” said Waksman.
As they did in the first two months of 2013, stock-picking hedge fund managers performed well in March, as equity long only hedge funds rose 3.3%, to lead the 13 major fund categories.
Funds of hedge funds continued to shed assets, losing $2.6 billion in February and $53.2 billion in the past 12 months. They underperformed the hedge fund industry by 230 basis points in the past 12 months.
The latest TrimTabs/BarclayHedge Survey of Hedge Fund Managers found managers are worried about the stock market’s prospects for May. Opinions on 10-year Treasuries and several other indicators suggest hedge fund managers are bearish.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…