Sun, Apr 19, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Investor interest in hedge funds surges to pre-financial crisis highs - eVestment

Thursday, March 20, 2014

Bailey McCann, Opalesque New York:

The latest investor asset flow data from eVestment shows that investors are piling into hedge funds like it's 2006. Investors allocated an estimated $41bn in February; the largest monthly allocation since eVestment began tracking monthly flows in October 2008. Total industry AUM of $2.93tn sits only $12bn below its all-time high set in Q2 2008.

Performance gains added an additional $45.9bn, bringing February’s asset increase to $86.9bn, an increase of 3.1%. This is the industry’s largest asset growth since performance gains drove a large increase in May 2009.

In terms of specific strategies, investor preferences for equity over credit persisted for its fourth consecutive month, the longest such streak since investors chased the equity market recovery in the months following the financial crisis. Despite being overshadowed by equity flows, credit strategies showed a significant rebound of investor sentiment in February, more than offsetting the flare of redemptions following the sharp uptick of interest rates in May 2013.

Event driven funds continued to receive large allocations, led by activist strategies that received an estimated $2.1bn in new capital, or roughly 41% of event driven net inflows during the month. Total AUM in funds employing activist strategies reporting to eVestment reached nearly $73bn in February.

Report data shows that investors dipped back into macro strategies in February, with positive flows t......................

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. Studies - Fund managers bullish on equities, alternative asset classes, Hedge funds starting to spurn emerging markets, Insurance companies take aggressive approach to hedge funds despite restricted exposure[more]

    Fund managers bullish on equities, alternative asset classes From Benefitnews.co: Asset allocation and risk continue to be the top issues for institutional investors in 2015 and, while nobody is sure what the economy will do in 2015, investment fund managers remain positive about investm

  2. Investing - New hedge fund strategy: Dispute the patent, short the stock, David Einhorn bets on AerCap as leasing company avoids turbulence, Top hedge funds reveal these best investing ideas, Hedge funds bet big on PetSmart price bump, Victory Park Capital increases investment in upstart to $500m[more]

    New hedge fund strategy: Dispute the patent, short the stock From WSJ.com: A well-known hedge-fund manager is taking a novel approach to making money: filing and publicizing patent challenges against pharmaceutical companies while also betting against their shares. Kyle Bass, head of Hay

  3. Tiger Global falls 2.9% in March, down 5.3% in Q1[more]

    From Reuters.com: Investment firm Tiger Global Management, one of the hedge fund industry's most closely watched players, told clients that its hedge fund lost 5.3 percent during the first quarter, an investor said on Wednesday. Much of the decline came in March when the fund lost 2.9 percent,

  4. It’s not just hedge funds—IMF study finds stability risks from ‘vanilla’ funds[more]

    From MarketWatch.com: Leveraged hedge funds and banklike money-market funds are the parts of the asset-management industry most associated with risks to financial stability. But a report from the International Monetary Fund suggests that “plain-vanilla” mutual funds and exchange-traded funds also ca

  5. Hedge funds gain 2.4% in Q1 driven by currency and commodity markets[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted positive results last March to conclude a strong first quarter, with performance driven by strong macro trends in currency and commodity markets, complemented by broad-based gains and positioning in event driven, equity hedge and fixed income-b

 

banner