Wednesday, 1 October 2014
Last updated 9 hours ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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