Fri, Feb 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Investors cut Europe exposure in May - eVestment

Thursday, June 21, 2012

Bailey McCann, Opalesque New York: New may data released from research firm eVestment Alliance shows that investors sharply cut their European exposures. Investors redeemed an estimated $9.3bn from funds located in Europe in May and $9.1bn from funds investing primarily in Europe. Funds located in Europe have total AUM of $660.9bn versus $187.3bn in funds with dedicated Europe exposure.

"There appears to be concern among investors that events in Europe and the declining economic data in the U.S. will meaningfully impact emerging markets, particularly on the equity side. The persistence of the current slide of investor assets from EM funds is unlike any we have seen since tracking fund flows back to 2003 and is only eclipsed in magnitude (but not duration) by redemptions during 2008 and 2009," writes Peter Laurelli, Vice President and head of hedge fund research, in the report.

Despite the majority of the count of mid-sized funds having inflows, both mid and small funds experienced net investor outflows during May, according to the report. While large funds accounted for virtually all of the net investor inflows during the month. This continues a trend seen throughout 2012 and is further evidence of consolidation of AUM among the largest firms in the industry.

Investors continue to seek credit and macro strategies over equities, reflecting an equity market crunch that has been an ongoing theme for several weeks. Overall, investor inflows turned positive indicating ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Swiss investors take fund seeding and acceleration into their own hands[more]

    Benedicte Gravrand, Opalesque Geneva: Banque Bonhote, a 200-year old Swiss private bank, last year launched a community of investors - heads of Swiss family and advisory offices and wealth managers - with the aim of co-investing in the kind of managers they wanted to invest in, either by way of s

  2. K2 Advisors : Why We Like Activist Hedge Fund Strategies and Some Thoughts on Alpha[more]

    Matthias Knab, Opalesque: Rob Christian, Senior Managing Director, Head of Research K2 Advisors, Franklin Templeton Solutions, writes on Harvest Exchange: When d

  3. Ex-Navy SEAL backed by Mario Gabelli, Jean-Marie Eveillard and other value giants off to strong start[more]

    From Valuewalk.com: Sententia Capital Management is not your average value focused hedge fund. The fund was founded by Michael Zapata, a former Navy Seal Team 6 Officer and has attracted funding from some of the best-known names in the value space. Mario Gabelli, Jean-Marie Eveillard from First Eagl

  4. Europe - 1 trillion euro non-performing loans are clogging EU lending channels[more]

    From Centralbanking.com: As much as 1 trillion euro of non-performing loans (NPLs) are still clogging the lending channel in the European Union. An EU asset management company (AMC) could address market failures in the secondary market for NPLs as part of a suite of measures designed to tackle the b

  5. Investing - Hedge funds' novel approach: investing for longer at lower returns, U.S. hedge fund Delta Partners lifts stake in Bellamy's, Hedge funds stockpile cobalt, electric carmakers on battery alert, Facebook is racking up the likes among the world's biggest hedge funds, Einhorn affirms gold on Trump uncertainty[more]

    Hedge funds' novel approach: investing for longer at lower returns From FNLondon.com: Hedge funds are known for making short-term bets, dipping quickly in and out of markets to take advantage of swings in prices. But, under pressure to innovate, some big-name managers are looking at ways