Tue, Jul 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

eVestment: August saw the highest hedge fund asset inflows of 2013

Friday, September 20, 2013

Bailey McCann, Opalesque New York:

August was a positive month for the hedge fund industry, even though returns were down, hedge funds outperformed the S&P500 overall, and saw their best month yet for asset raising. According to eVestment, inflows totaled $19.6bn in August – the largest on record this year. Equity strategies were sector leaders for the second consecutive month followed by credit, while macro flows continued to underperform.

Performance losses reduced AUM by $20.8bn (-0.78%), resulting in a very slight monthly decline of overall industry AUM to $2.688tn. Equity strategies have seen the most investor interest over the last three months, and data shows that the last time equity exposure was this positive was just prior to the height of the European financial crisis.

"From September 2010 to June 2011, investors added net $33.1 billion to equity strategies. In the ensuing six months, performance losses reduced AUM by $41.7 billion spurring a redemption cycle which lasted until Q2 2013," writes Peter Laurelli, VP and Head of Research, eVestment in the report.

August saw positive flows for credit strategies, which indicates that the recent shift in UST rates has not materially impacted perceived opportunity for further gains from the group. While flows for the MBS group remain slightly negative over the past three months, interest in directional credit rebounded from July.

Of funds with greater than $1bn in AUM entering August, 59% had ne......................

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 Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass