Fri, May 29, 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 universeís 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. Opalesque Exclusive: New TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Icelandís failed banks face a tax that targets the lendersí estates as the government prepares to unveil its plan for exiting capital controls in t

  3. Investing - Nelson Peltzís Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltzís Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltzís Trian Fund Managementís filing, the filler reported decreased stake in the company by -11.05% to 11,03

  4. Opalesque Exclusive: BMO launches multi-strat '40 act fund[more]

    Bailey McCann, Opalesque New York: As we reach new market highs, investors are looking for a way to diversify and protect their portfolios from a potential market correction. Liquid alternatives are rapidly gaining ground as a critical tool for investors to use to mitigate downside risk. The BMO

  5. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AMís latest Weekly Briefing, in t

 

banner