Sun, Dec 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

eVestment: equity flows push hedge fund assets to 5-year high

Thursday, December 19, 2013

Bailey McCann, Opalesque New York:

Investor flows into hedge funds were positive for a fifth consecutive month, according to the latest data from eVestment. New allocations of $15.3bn brought industry assets to a five-year high of $2.84tn and trail their pre-financial crisis peak by just over 3%. Through 2013, eVestment estimates total industry assets are on pace to increase by $256bn, an amount nearly 80% greater than 2012’s $144bn increase.

Equity strategies took in the majority of new assets in November with $10.5bn in allocations. Inflows to long/short equity funds in November were the largest in more than 50 months, since August 2009. Historically, in the months 38 from May 2010 to June 2013, investor flows to equity outpaced credit only four times. In the five months since the end-of-taper alarm and ensuing US treasury rate spike, monthly equity flows have outpaced credit three times. Credit assets rose in November, making up October's outflows, but the overall pace of allocations into credit is notably slower.

Investors allocated $3.5bn into credit during November, meaningfully below their prior 12-month average inflow of $7.1bn.

Despite a recent preference for equities, there are some nuances. There has been a noticeable decline of allocations to traditional long-only equity products across both developed and emerging market exposures in Q3. On the hedge fund side, investors are showing more interest in both developed and emerging markets beginning i......................

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 - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und