Mon, Aug 21, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Macro and managed futures fund assets drop to near all-time lows: eVestment

Tuesday, February 04, 2014

Bailey McCann, Opalesque New York:

New data out from eVestment on macro and managed futures funds show that as performance in the two groups continues to lag, assets under management have dropped to near all time lows. At the same time, assets to the hedge fund industry overall have increased by nearly 10%. Investors redeemed more from macro strategies in 2013 than in any other year on record driven by large outflows at year end.

In terms of performance, over the past five years, cumulative gains for macro funds were roughly half that of the hedge fund industry and managed futures performance has been nearly flat since October 2010. Some of this reflects the natural performance of these types of strategies up against an equity market bull run like we've seen since 2009. However making that case to still return starved investors -- faced with paying fees -- is difficult.

Report data shows that performance lifted assets by about $8bn for macro funds last year, despite redemption outflows amounting to an asset weighted return of 3.6%. The picture for managed futures funds is a bit more dire, the group had their largest ever AUM decline in 2013, previous largest ever declines were in 2011 and then again in 2012. At USD 143.8bn, managed futures AUM is at its lowest level since Q1 2007.

"Investors redeemed, on net, more from managed futures strategies in 2013 than they did from all other strategies with net investor outflows for the year, combined, by a fact......................

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. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq

  2. David Tepper says we're 'nowhere near an overheated' stock market[more]

    From Marketwatch.com: Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is "ridiculous." The hedge-fund manager, who runs Appaloosa Management, told CNBC in a phone interview on Tuesday that the market's record run, notwithstanding la

  3. Opalesque Exclusive: Altegris and Artivest partner on distribution for alternative funds suite[more]

    Bailey McCann, Opalesque New York: California-based investment firm Altegris has partnered with New York-based alternative investments platform Artivest on distribution for $1 billion in alternative funds. The partnership also launches Artivest's capabilities to offer alternative solutions to acc

  4. Investing - Buffett's Berkshire Hathaway will not increase its Oncor offer, Travel-tilting hedge funds are investing in airlines and online travel agencies[more]

    Buffett's Berkshire Hathaway will not increase its Oncor offer From Reuters.com: The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will "stand firm" on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase it

  5. Investing - David Tepper sells airline stocks, except Delta[more]

    From Forbes.com: Head of successful hedge fund Appaloosa Management, David Tepper shied away from airlines in the second quarter after upping his bets in the first three months of the year, according to his portfolio filing released this week. Tepper sold all of his position in United Continen