Sat, Aug 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund asset flows turn negative in the second quarter

Friday, July 19, 2013

Bailey McCann, Opalesque New York:

June redemptions turned Q2 flows negative and flows for the first half of 2013 are the second slowest in the last ten years lagging only 2009 in the aftermath of the financial crisis, according to new data from eVestment. Macro funds outflows were the key to June’s redemptions. Mediocre performance resulted in persistent outflows for managed futures funds through the second half of 2012 and most of 2013, the same fate appears to have caught up to macro strategies.

Investors withdrew approximately $10.1bn during the month. Asset weighted performance was the lowest in 21 months, and overall industry AUM dropped by 2.5% to $2.656tn. Overall for the quarter, investors have removed $4.3bn.

The long-term trend of redemptions from equities and allocations to credit returned in June. This may be another consequence of the convergence between the traditional and the hedge fund sectors. Where exposures and approaches have meaningful overlap (fundamental equity valuation), institutional investors may be comparing traditional with alternative investments and in some cases opting for the former.

Credit strategies rebounded overall after a dip in May, reflecting trends noted yesterday, by leading hedge fund managers. Investors and funds continue to be positive on areas of s......................

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. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

 

banner