Hedge Funds Attract $8.2B In July

Sep 12 2013 | 10:57am ET

Hedge funds took in a net $8.2 billion in July, reversing their June outflows of $8.9 billion, according to the latest data from BarclayHedge and TrimTabs.

The TrimTabs/BarclayHedge Hedge Fund Flow Report is based on data from 3,327 funds.
“July’s volume was well off the blazing pace set in May, when the industry took in a net $18.8 billion, the largest inflow in the past two-and-a-half years,” said Sol Waksman, president and founder of BarclayHedge, in a statement. “Nevertheless, industry assets climbed to a five-year high of $1.97 trillion in July.”

Funds of hedge funds shed $4.1 billion in July, on top of a $1.5 billion outflow in June. Funds of funds have attracted net inflows in just three of the past 24 months.

Meanwhile, the monthly TrimTabs/BarclayHedge Survey of Hedge Fund Managers found that managers grew notably more bearish on U.S. stocks in August. Also, nearly half of the managers surveyed in August were bearish on U.S. Treasuries while a similar proportion were bullish on the U.S. dollar index.

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