eVestment: Investors Pull $10B From HFs In June

Jul 19 2013 | 8:45am ET

Investors pulled $10.1 billion from hedge funds in June, as outflows and performance reduced overall industry assets under management by 2.5% to $2.66 trillion, reports eVestment.

The high June withdrawals resulted in negative flows for the second quarter, during which investors withdrew $4.3 billion. Year-to-date, hedge funds have seen inflows of $1.7 billion, the second-slowest H1 growth in the last 10 years.

Macro strategies, which lost $8.87 billion in June, were the primary cause of the high June outflows. Long/short equity funds saw the next-highest redemptions, at $4.79 billion.

Managed futures funds lost another $1.46 billion in June. They have seen the biggest outflows year to date, at $20.10 billion, followed by macro strategies, which have lost $14.14 billion.

Credit strategies remain the preferred investment in the hedge fund space, said eVestment, pulling in $9.2 billion in June, $22.4 billion in Q2 and $48.2 billion YTD. But while smiling on credit strategies generally in June, investors pulled $2.24 billion from mortgage-backed securities strategies.

Equities strategies lost $6.3 billion in June, bringing their YTD outflows to $13.3 billion.

Commodities strategies gained $29 million in June, which is low, but still better than the previous four quarters which saw $4.0 billion flow out of these funds.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note