Wed, Aug 16, 2017
A A A
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. Other Voices: Crisis risk offset; about time?[more]

    This article was authored by Russell Barlow, global head of hedge fund solutions at London-based Aberdeen Asset Management. Like the ubiquitous force of gravity, when financial markets rise they must fall. The quest

  2. Comment: "Long-Term Investing": What managing drawdown risk can do to your long-term returns[more]

    Matthias Knab, Opalesque: Real Investment Advice writes on Harvest Exchange: Last week, I was having lunch with a prospective portfolio management client discussing the curre

  3. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  4. Opalesque Exclusive: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  5. Investing - Hedge-fund honchos including David Tepper are loading up on Alibaba, Billionaire hedge fund manager Stanley Druckenmiller is betting big on the Chinese consumer, Big-name U.S. hedge funds shed healthcare stocks during the rally in second-quarter, U.S. hedge funds bearish on FAANG stocks in second-quarter, Hedge fund titan Viking Global made a $680 million bet on scandal-plagued Wells Fargo[more]

    Hedge-fund honchos including David Tepper are loading up on Alibaba From CNBC.com: David Tepper's Appaloosa Management and three other he ge funds took new stakes in Chinese e-commerce giant Alibaba in the second quarter, according to the latest quarterly filings. Appaloosa disclos