Hedge Fund Outflows Continue Despite Positive Performance

Feb 12 2009 | 2:02pm ET

While the hedge fund industry seems to have turned things around in the last two months, investors are still heading for the exits in large numbers.

According to early estimates from HedgeFund.net, hedge funds suffered outflows for the fifth consecutive month in January. Hedge fund assets fell 5.8% last month to $1.749 trillion, due almost entirely to redemptions and fund liquidations totaling $124.7 billion.

HFN’s benchmark indices, like most others released so far, show the average hedge fund posting a positive January, at 0.2%. But the data provider warns that the figures are preliminary, and says it expects the final performance numbers to be in the red as more funds it tracks report their January numbers.

For now, nine of HFN’s benchmarks are in the black against six in the red. The best performers last month were convertible arbitrage funds (up 5.98%), short-bias funds (up 2.76%), options strategies funds (up 2.46%) and statistical arbitrage funds (up 2.42%). The worst were long-only funds (down 4.17%), special situations funds (down 3.05%) and emerging markets funds (down 2.61%).


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.