Thursday, 2 April 2015
Last updated 11 hours ago
Aug 7 2013 | 10:58am ET
Hedge fund asset flows were negative for the first time this year in June, according to figures released today by BarclayHedge and TrimTabs Investment Research.
Hedge fund investors redeemed a net $8.6 billion (0.4% of assets) in June, the largest outflow since October 2012 ($10.3 billion outflow) and a sharp turnaround from an $18.8 billion inflow in May.
“Despite the June setback, year-to-date flows to the hedge fund industry stayed positive at $27.1 billion,” said Sol Waksman, president and founder of BarclayHedge. “In the first five months of this year, the industry took in $35.7 billion, compared with just $484 million in the same period last year.”
The TrimTabs/BarclayHedge Hedge Fund Flow Report—which is based on data from 3,369 funds—noted that equity long only funds lost 1.4% in June, slightly underperforming the 1.3% loss in the Russell 3000 Index.
“Equity long bias funds lost 0.9% in June, reversing a 2.6% gain in May and marking the first negative month since losing 0.4% in October 2012,” Waksman said.
Funds of hedge funds shed $1.5 billion (0.3% of assets) in June, reversing a $428 million inflow in May. Funds-of-funds have attracted net inflows in just three of the past 24 months.
The TrimTabs/BarclayHedge Survey of Hedge Fund Managers found that managers grew less bearish on the S&P 500 in July, but opinions were pretty evenly split between bullish or neutral on the market’s prospects for August.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…