Mon, Jul 6, 2015
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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner