Saturday, 20 September 2014
Last updated 18 hours ago
May 6 2014 | 10:37am ET
Investors poured $38.6 billion into hedge funds in the first quarter of 2014, the highest quarterly inflows since Q1 2011, according to BarclayHedge and TrimTabs Investment Research.
Inflows in March were down to $11.2 billion from a three-year high of $24.9 billion in February.
Overall industry assets climbed to a five-and-a-half-year high of $2.2 trillion in March, according to estimates based on data from 3,375 funds. Assets rose 19% in the past 12 months but were down 9% from the all-time high of $2.4 trillion in June 2008.
The monthly TrimTabs/BarclayHedge Hedge Fund Flow Report noted that the hedge fund industry earned just 0.02% in March but outperformed the S&P 500, which lost 0.8%. In the past 12 months, however, the industry has lagged the broader market significantly, returning 8.5% to the S&P 500's 22.0%.
Equity long-bias hedge funds, the best-performing category in the past 12 months, had a rough March, returning just 0.2% after hitting a six-month-high of 3.0% in February, said Sol Waksman, president and founder of BarclayHedge, in a statement.
The monthly TrimTabs/BarclayHedge Survey of Hedge Fund Managers finds that more than half of surveyed managers are neutral on the S&P 500 over the next 30 days, the highest level in two years, and the rest are evenly split between bullish and bearish. The majority favoring developed markets grew a bit slimmer as optimism on emerging markets climbed to a 13-month high.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.