Wed, Jan 18, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund industry three-month growth streak halted - eVestment

Wednesday, November 21, 2012

Bailey McCann, Opalesque New York: Hedge funds three month growth streak hit the wall in October as asset outflows eclipsed growth according to new data from eVestment. Total estimated hedge fund assets under management declined by $29.5bn in October, the largest drop since September 2011. Flows for credit strategies were negative despite consistent, positive returns over the last several months. This type of outflow with no negative performance driver is rare, and last occurred almost 3 years ago.

According to the report, investors redeemed an estimated $17.7bn from hedge funds in October, nearly erasing the estimated $17.8bn of net inflows in Q3. Managed futures funds had the largest outflows since the tail end of the financial crisis. Outflows don’t necessarily match levels seen in January 2009, but appear to be higher than any other month since. Investors have also started to move away from equity strategies, removing assets in all three quarters, across both hedge funds and traditional managed accounts in 2012, a signal of elevated concern for global growth.

Emerging markets are still seeing assets come in, although on the institutional side much of this is happening directly through traditional institutional accounts rather than through emerging market hedge funds. The investment trend in emerging markets suggests increasing overlap in the spheres of activity institutions and hedge funds find themselves engaged in. Exposures in this area include also include eme......................

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. Southpoint Capital gains 3.8% in Q3, bringing year-to-date returns to 5.2%[more]

    From Valuewalk.com: Southpoint Capital Advisors, the $3 billion New York hedge fund founded by former employees of David Einhorn’s Greenlight Capital, added 3.8% net during the third quarter of 2016, bringing year-to-date returns to 5.2% and cumulative returns since inception (July 2004) of 237.4% a

  2. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  3. Short Selling - Long-short hedge funds are ditching the shorts to focus on longs[more]

    From Bloomberg.com: What happens when you take the "short" out of a long-short trading strategy? Some hedge funds are about to find out. Equity long-short fund managers, the biggest category in hedge funds, hold the fewest bearish stock bets on record, data compiled by Credit Suisse Group AG s

  4. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  5. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee