Sat, Apr 19, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund flows increased in July, credit turned negative -eVestment

Tuesday, August 20, 2013

Bailey McCann, Opalesque New York:

Hedge fund flows turned back to positive in July led by a sharp rebound of investor interest in Macro fund exposure. July was the second month in the last three where investor flow trends wavered from their recent historical paths, marking increased interest in equity versus credit exposure, according to new asset flows data from eVestment. Performance gains added an additional $16.8bn, or 0.63%, bringing total hedge fund industry AUM to $2.686tn.

Macro fund flows rebounded sharply after elevated redemption in May and June. The net inflow of $7.6bn during the month was the segment’s largest inflow since January 2010 and second strongest showing of investor interest since July 2008, two months prior to the pinnacle of the financial crisis.

Credit fund flows were negative in July by the largest amount since January 2012. Redemptions were led by MBS strategies, which had their second consecutive month of redemptions and their largest since 2006. MBS fund redemptions in June and July follow the groups’ largest losses in more than four years. This may be an indication of the impact of the steepening U.S. treasury yield curve and the potential for the Fed to reduce its buying influence in the agency MBS market. According to a recent Opalesque interview with Guggenheim Investment Advisors, market indicato......................

To view our full article Click here

Banner
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: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably