Hedge Funds See Small July Inflow

Aug 21 2013 | 9:33am ET

Strong demand for hedge funds in Europe and North America helped insure that, for now, at least, June is the only month this year in which the industry has suffered outflows.

Hedge funds took in about US$5 billion in July, according to Eurekahedge, recovering some of the nearly US$25 billion they lost to net outflows the previous month. European hedge funds continued to pull in clients, attracting US$3.6 billion to post their eighth-straight month of net inflows. By contrast, Asia ex-Japan and Latin America suffered net outflows.

All told, global hedge fund assets rose US$15.1 billion in July to US$1.89 trillion—with the bulk of the growth coming from strong performance.

Among strategies, long/short equity, event-driven and multi-strategy funds were most popular with investors in July. Arbitrage hedge funds, by contrast, were hit with the largest net outflows.

"This could be a result of strongly trending markets which would make strategies with a directional bias more attractive to investors," Eurekahedge said.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR