Sun, Mar 26, 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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He