Monday, 28 July 2014
Last updated 2 days ago
Oct 16 2013 | 10:43am ET
Hedge funds took in a net $10 billion in August, reports BarclayHedge and TrimTabs Investment Research citing data from 3,340 funds.
“The hedge fund industry has taken in $45.0 billion this year through August, a big shift from the outflow of $3.6 billion in the same period last year,” said Sol Waksman, president and founder of BarclayHedge. “Industry assets stood at $2.0 trillion in August, just below the five-year high of $2.1 trillion in September 2008.”
Equity long-only hedge funds lost 1.7% in August, reversing part of the 2.9% gain in July but outperforming the Russell 3000’s 2.8% loss. Equity long bias funds lost 0.9% in August, their worst showing since losing 4.8% in May 2012.
Funds of hedge funds shed $4.2 billion (0.9% of assets) in August, adding to an outflow of $4.1 billion in July. Funds-of-funds have posted inflows in just two of the past 24 months.
The monthly TrimTabs/BarclayHedge Survey of Hedge Fund Managers found hedge fund managers notably less bearish on U.S. stocks in September.
Managers were substantially less bearish on U.S. Treasuries, but a majority was neutral on the U.S. dollar.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…