Sat, Oct 10, 2015
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. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  4. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  5. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with