Mon, May 2, 2016
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n