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 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: 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