Sat, Nov 29, 2014
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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  4. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed

  5. Legal - Six years after AIG takeover, lawsuit reveals another potential buyer[more]

    From Institutional investor.com: When former Treasury secretary Henry (Hank) Paulson Jr. testified in a suit last month about the U.S. government takeover of American International Group, his words were — mostly — numbingly familiar. Explaining the “punitive” terms set for the September 2008 bailout