Sat, Jan 31, 2015
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: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalaurMor Management in New Yor

  2. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  3. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  4. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report

  5. Institutions - Ontario pension fund leader calls all asset classes ‘expensive’, Taiwan's BLF plans $2bn in alternative mandates[more]

    Ontario pension fund leader calls all asset classes ‘expensive’ From WSJ.com: The head of one of the world’s largest pension funds said that across asset classes, “everything is expensive.” Ron Mock, who leads Canada’s $141 billion Ontario Teachers’ Pension Plan, said that the plan would