Hedge Funds Attract $9B In October

Nov 22 2013 | 7:51am ET

Investors were still showing a lot of love for hedge funds in October, pouring an estimated $9.3 billion into the investment vehicles.

Performance gains of 1.74%—the best since December 2010—brought industry assets under management as of end-October to $2.8 trillion, reports eVestment.

Equity hedge funds attracted more investment than credit strategies for only the second month in 2013 and their year-to-date totals are now positive—their first year of positive flows since 2010.

Looking at the October flows by individual strategy, broad multi-strategy funds attracted the most money in October, at $5.34 billion, followed by long/short equity funds with $2.45 billion and event-driven funds with $1.10 billion.

No other strategy managed more than $1 billion, but market neutral funds were in the black, adding an additional $0.67 billion; as were directional credit funds ($0.59 billion); convertible arbitrage funds ($0.31 billion); relative value funds ($0.12 billion); and distressed funds ($0.04 billion).

The only strategies to lose assets in October were managed futures, down $1.45 billion, and MBS strategies, down $4.01 billion.

By region, European funds attracted $2.86 billion in October and Asian funds $0.50 billion while Americas funds lost $0.41 billion. Generally, global markets funds added $6.12 billion while emerging markets funds added $1.75 billion (completing a three-month string of inflows, a feat not seen since early 2010, said eVestment).


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

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

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR