Sat, Feb 24, 2018
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. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu

  2. Opalesque Exclusive: Global Sigma captures February's long-vol trade[more]

    Bailey McCann, Opalesque New York for New Managers: Florida-based Global Sigma rode February's volatility to new highs. The firm's AGSF strategy is up +2.8 percent through February 16 and +4.2 percent YTD a

  3. Institutional Investors - Hedge funds regain their appeal for a $57 billion asset manager, Private credit strategies in stratosphere[more]

    Hedge funds regain their appeal for a $57 billion asset manager From Bloomberg.com: With volatility back on the radar, one of the Nordic region's biggest asset managers is considering relying a bit more on hedge funds to help oversee his portfolio. Mikko Mursula, the chief investment off

  4. Investing - All aboard for hedge funds as trade tide lifts shipping, Hedge funds pile into Time Warner in bet on merger success[more]

    All aboard for hedge funds as trade tide lifts shipping From Reuters.com: Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. Around 90 percent of traded goods by volume are tran

  5. Investing - Hedge funds turn short on tech just as stock rally takes off, After biggest short, speculators slash bearish US bond bets as supply deluge looms[more]

    Hedge funds turn short on tech just as stock rally takes off From Newsmax.com: A key group of investors has just missed out on the biggest tech-stock rally since 2014. Hedge funds and other large speculators turned net short on Nasdaq 100 Index futures for the first time in 21 months, ac