Mon, Mar 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

April hedge fund asset flows slow to the smallest growth rate to start a year on record +0.2%

Tuesday, May 21, 2013

Bailey McCann, Opalesque New York: Investor flows for hedge funds were effectively flat during the April and YTD net inflows of $5.8bn in the first four months is the slowest growth to start a year on record, according to the latest asset flow data from eVestment. The worst start for the industry was in 2009 when outflows from the financial crisis were still extremely high and reached $260bn. Performance gains added $30.5bn, bringing total top line assets to $2.693tn.

In terms of strategies, investors still showed a preference for credit strategies above all else during the month. Long/short equity, macro, managed futures and commodity fund universes all experienced net redemptions in April and YTD 2013. Long/short equity strategies have had redemptions in 20 of the last 22 months.

Institutions are largely driving the hedge fund space, and allocation trends for 2013, generally replicate what was seen in 2012. "Should 2013 flows continue to follow a path similar to that of 2012, then the industry may not see a meaningful influx of capital again until early in the second half of the year," writes Peter Laurelli, VP and head of research, eVestment in the report.

Investor sentiment towards global macro appears to have finally caught up to the universe’s mediocre aggregate performance. Despite relatively poor returns in 2012 macro funds continued to have net investor inflows during the year, but that incongruity ......................

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. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner