Friday, 22 August 2014
Last updated 1 hour ago
Apr 14 2009 | 10:02am ET
Redemptions from hedge funds continued to fall in March, which outflows just a fraction of those suffered during the record-setting months of December and January.
Net investor redemptions and liquidations last month were $24 billion, according to HedgeFund.net. It is the third consecutive month that redemptions have slowed since peaking in December at $184.1 billion.
Hedge funds’ broadly positive performance in March helped blunt those losses further: The HFN Hedge Fund Aggregate Average rose 1.84% last month (0.52% for the quarter), earning the industry $6.4 billion in performance gains in March. All told, total hedge fund assets fell just 1.01% last month to $1.724 trillion in March.
That said, the industry is still 10.8% smaller today than it was at the beginning of the year, and 41% smaller than at its peak in June. Much of that decline can be blamed on funds of hedge funds, according to HFN, which made up a disproportionate number of fund closures. While funds of funds account for just 35% of HFN’s database, they made up 49% of recent closures.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note