Sunday, 28 December 2014
Last updated 3 days ago
Dec 16 2009 | 12:58pm ET
Hedge fund assets under management may be rising, but it’s not thanks to the funds of hedge funds.
Investors have pulled more than one-quarter of their assets from funds of funds this year, according to Eurekahedge. The $164 billion in net redemptions suffered through the first 11 months of this year makes 2009 an even worse year for funds of funds than last year.
Fund of hedge funds now manage just $440 billion, down from $823 billion just 18 months ago. Worse still for that industry, its underperformance relative to overall hedge fund performance is growing: Hedge funds have returned nearly 20% this year; funds of funds are up about half that.
The huge loss of assets has not exactly led to a mass die-off of funds of funds, however. According to Eurekahedge, their number has fallen by only 15% over the past two years, to 3,110.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.