Wed, Dec 2, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Investors add $20.3bn to hedge fund investments in February, making 2013 positive for inflows overall

Friday, March 22, 2013

Bailey McCann, Opalesque New York: Hedge fund investor flows were positive again in February. After a somewhat sluggish start, the spike in February flows has created a pattern very similar to the first two months of 2012. Investors added an estimated $20.3bn in net new capital in February, while performance accounted for a decline of $12.1bn, according to the most recent asset flow data from eVestment.

Among various strategies, credit remains an area of elevated interest with nearly $8bn of new flows during the month, and over $15bn year-to-date. According to the data, investors are likely to remain interested in direct investments into credit funds as a means of diversifying away from equity exposures. Equity-focused funds saw slight inflows during the month, taking in a net $1.4bn, but flows remain negative for the year.

Macro strategies continued to gain assets, after a brief pause to begin the year. An estimated $6.6bn flowed into the group during February with the vast majority concentrated among the strategy’s largest firms. Event driven funds may start to break out, even those focused on equities, as the data shows an increase in expectations for more merger activity as corporate balance sheets remain cash heavy.

The divergence between macro fund flows and managed futures has continued into February. In the first two months of the year the two strategies have seen a net flow differential of over $16bn, mat......................

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. David Einhorn's hedge fund plunged 5.2% in November, set for 2015 loss[more]

    From David Einhorn’s main hedge fund at Greenlight Capital fell 5.2 percent in November and is poised for only its second losing year in almost two decades. The losses bring the fund’s yearly drop to almost 21 percent, according to an e-mail sent to clients that was obtained by Bloomb

  2. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  3. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  4. Commodities - Stung by oil, distressed-debt traders see worst losses since '08[more]

    From It’s mid-November, but for investors who trade in the debt of distressed companies, the year’s already done -- and they lost. Hedge funds that specialize in the debt are grappling with their worst declines in seven years. Funds managed by Knighthead Capital Management, Candlewood

  5. Regulatory - Major changes in partnership audit procedures contained in 2015 Budget Act[more]

    Contained in the Bipartisan Budget Act of 2015, signed by President Obama on November 2, is a rather complex provision that materially changes how partnerships are audited. Generally effective for tax years beginning after December 31, 2017, the so-called “TEFRA” and “Electing Large Partnership” rul