Wednesday, 1 October 2014
Last updated 11 hours ago
Dec 13 2013 | 12:09pm ET
Investors pulled more than $2 billion from hedge funds in October, just a month after adding twice as much to the industry.
October's net outflow totaled $2.2 billion, according to BarclayHedge and TrimTabs Investment Research. In September, investors had added a net $4.4 billion. Funds of hedge funds suffered a further $1.2 billion in outflows in October, continuing what BarclayHedge chief Sol Waksman called a "relentless" trend, with outflows in 22 of the last 24 months.
Hedge funds generally have done better.
“The outflow in October was only the second for hedge funds this year,” Waksman said. “Hedge funds have taken in $49.4 billion so far in 2013, a sharp reversal from the $12.9 billion outflow in the same period last year.”
“Industry assets stood at a five-year high of $2.0 trillion, according to estimates based on data from 3,348 funds. Assets are up 15.3% in 2013 but are down 16.1% from the all-time peak of $2.4 trillion in June 2008,” Waksman said.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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