Wed, Nov 26, 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. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to