Tue, Mar 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Assets in funds of hedge funds at an all time low - eVestment

Monday, January 06, 2014

Bailey McCann, Opalesque New York:

A new report out looking at the overall performance and asset gathering ability of funds of hedge funds (FoHFs) from eVestment shows that assets going to the industry group are at an all time low relative to their single manager counterparts. Despite a rebound in performance in 2013, investors have pulled money from pooled FoHFs for nine consecutive quarters and the amount of money assets coming from FoHFs has declined to an all-time low of 32% when compared against direct hedge fund investment.

In terms of performance, FoHFs were up 6.59% year-to-date through October on average, slightly worse than the 7.50% posted by hedge funds, and below the 18.65% performance of the S&P Global 1200.

Data in the report shows that the number of FoHFs pursuing a single strategy, or 'bespoke portfolio' option is up slightly to 22.9%. The trend could be reflective of a shift toward specialization in an effort to recapture assets moving into direct investments. Of that group, long/short equity FoHFs are performing the best up 11.76%. Their single manager counterparts are up 13.06% for the same period.

FoHFs allocating to event driven/distressed managers are the next best performers among all FoHFs thus far in 2013. The group is up 8.26% year-to-date. Investors that allocated to managed futures FoHFs are in the red, just the same as those who invested in single manager managed futures funds.

......................

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 - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie