Hedge Funds Attract $16.9B In May

Jul 8 2014 | 12:14pm ET

Investors poured $16.9 billion into hedge funds in May, down slightly from $19.1 billion in April, according to the latest numbers from BarclayHedge and TrimTabs Investment Research.

“Hedge funds raked in $72.2 billion in the first five months of this year, the strongest January-May inflows since 2007,” said Sol Waksman, president and founder of BarclayHedge.

Industry assets climbed to a 5+ year high of $2.3 trillion in May, according to estimates based on data from 3,426  funds. Assets rose 18% in the past 12 months but were down 6% from the all-time high of $2.4 trillion in June 2008.

The hedge fund industry gained 1.2% in May, according to TrimTabs/Barclay Hedge, bouncing back from April’s 0.2% loss but underperforming the S&P 500, which gained 2.4%. In the past 12 months, the industry returned 7.6%, while the S&P 500 rose 18.0%.

A monthly survey of hedge fund managers found a plurality of respondents was neutral on the S&P 500 over the next 30 days, although bullish sentiment rose to a three-month high, and bearish sentiment dipped.

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