Monday, 24 November 2014
Last updated 4 hours ago
Mar 25 2009 | 2:05am ET
The hedge fund industry is facing even bigger redemptions this year than those suffered last year, according to a new survey.
Fully one-third of hedge fund investors expect more than $200 billion to be pulled from the industry this year, almost 30% more than the record $155 billion outflow that hit the industry last year. More than four in five investors say that redemptions are the biggest issue faced by hedge funds, according to the Deutsche Bank survey.
Just a quarter of the 1,000 investors polled expect net inflows into hedge funds this year. Almost 70% of them expect industry assets to dip to $1.33 trillion by the end of the year, an 11% decline. The respondents, who have a combined $1.1 trillion in hedge fund assets, on average expect outflows from the industry of $168 billion.
“If 2008 was a story about performance of hedge funds, 2009 is very much going to be a story about restructuring,” Sean Capstick, global hedge of capital introduction at Deutsche Bank, said. “Our survey indicates redemptions will continue as a phenomenon for the foreseeable future.”
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...