Sun, Mar 29, 2015
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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner