Sat, Apr 21, 2018
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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its