Sat, Jan 21, 2017
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. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised