Fri, Oct 21, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund assets decline by $20bn in June - Eurekahedge

Wednesday, July 17, 2013

Bailey McCann, Opalesque New York:

The June sell-off not only impacted hedge fund returns, it also resulted in a decline in assets. According to a new report from Eurekahedge, total assets under management were down by $20.94bn during June – the sector witnessed net negative asset flows of $2.12bn while losing $18.82bn through performance based losses. The total size of the industry now stands at $1.89tn. Before the sell-off hedge funds had a seven month streak of inflows from November 2012. June represented one of the largest performance losses in a single month this year, for the hedge fund industry.

The benchmark Eurekahedge Hedge Fund index declined 0.69% in June while the MSCI World Index was down 3.10% over the month, as risk off trades defined June on Federal Reserve comments that a wind down of the asset purchasing program may start as early as the end of the year. The index is still positive at +2.47% YTD. A clarification of the Federal Reserve position on asset purchases came earlier this month, leading to a slight rebound in US equities. The report shows that asset flows are also expected to rebound by the end of the month raising industry AUM to $1.3tn.

Launch activity is al......................

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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Macro hedge funds up 3.3% in one week on Fed and Brexit pays off[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were boosted by the strong performance of global macro funds, with the Lyxor Global Macro Index gaining 3.3% as of the week ending Oct. 11 (-1.7% YTD), Lyxor Asset Management reported. Their short on the p