Fri, Jun 23, 2017
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. Comment: For emerging market debt, a sustainable recovery[more]

    Matthias Knab, Opalesque: Standish Mellon Asset Management Company writes on Harvest Exchange: After several difficult years, the outlook for emerging market debt (EMD) denomin

  2. J.P. Morgan Global Alternatives raises distressed shipping fund[more]

    From Institutionalinvestor.com: J.P. Morgan Global Alternatives has closed a $480 million fund to invest in distressed shipping assets, attracting capital from pensions, endowments and insurance companies. The firm, which has been investing in maritime for more than a decade, initially targeted $400

  3. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  4. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  5. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is