Mon, Apr 24, 2017
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

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: Carden Capital bets on volatility[more]

    Bailey McCann, Opalesque New York for New Managers: Machine driven strategies are having a bit of a moment in the hedge fund world right now. Systematic funds have outperformed other strategies at a time when all ey

  2. Sprott AM to sell Canadian diversified fund business to management-led group[more]

    Komfie Manalo, Opalesque Asia: Toronto-based asset management company Sprott Asset Management LP (SAM) has entered into an agreement to sell its Canadian diversified fund business to a management-led group. Under the deal, the new group will have

  3. Investing - These hedge funds (and Madeleine Albright) are betting on a debt crisis, Hedge funds are upping their bets on the death of the traditional retailer, $20bn hedge fund recaps Corizon[more]

    These hedge funds (and Madeleine Albright) are betting on a debt crisis From Yahoo.com: There could be a big debt crisis brewing in places like China, India, Latin America and Africa -- and a growing number of investors are amassing war chests to cash in on the distress. Albright Capital

  4. Universities looking to defend endowments from Republican tax plan[more]

    From PIOnline.com: Some of the richest U.S. colleges are pushing back against scrutiny by Congress over the tax-exempt status of university endowments. Lobbying disclosure forms show almost two dozen schools such as Princeton University, University of Notre Dame and Cornell University are including

  5. Activist News - GAM touts 'tangible results' of turnaround as activist fight hots up, Bill Ackman not done with Herbalife, says his fight could get legs in May, Activist hedge fund CIAM says Euro Disney's buyout offer not fair for minority investors[more]

    GAM touts 'tangible results' of turnaround as activist fight hots up From FNLondon.com: GAM, the Swiss asset manager at the center of an attempted boardroom putsch by activist hedge fund RBR Capital, said its first-quarter results amounted to "tangible" proof that its management's plan f