Sun, May 29, 2016
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. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  4. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year

  5. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit