Tuesday, 21 October 2014
Last updated 1 hour ago
May 12 2008 | 10:09am ET
Spooked investors slowed their hedge fund investments in March and turned in greater numbers to funds of hedge funds.
The industry saw inflows of $16.3 billion in March, according to BarclayHedge and TrimTabs Investment Research, down slightly from February’s $17.5 billion inflow—itself down $4 billion from earlier estimates of hedge fund inflows. All told, hedge funds added $41.2 billion in the first quarter, down 42% from the first quarter of 2007.
Investors added $4.2 billion to single-manager funds in March, just a quarter of the total industry inflows. In February, single-manager funds accounted for almost 40% of the month’s inflow.
What’s more, things are unlikely to have improved last month, despite improved returns for the industry, according to Sol Waksman, BarclayHedge CEO.
“Inflows into hedge funds probably remained weak in April,” he said. “Extreme market volatility and March’s poor hedge fund performance will probably deter investors from putting lots of money to work in hedge funds.”
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...