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Alternative Market Briefing

Investors pour $7.7bn into hedge funds in June, assets climb to six-year high

Friday, August 15, 2014

Komfie Manalo, Opalesque Asia:

The hedge fund industry took in $7.7 billion (0.3% of assets) in June, down from $19.1bn (0.8% of assets) in May, according to BarclayHedge and TrimTabs Investment Research.

"First half inflows to hedge funds this year totaled $82.5 billion (3.8% of assets), the most since 2007" said Sol Waksman, president and founder of BarclayHedge. By comparison, the industry took in $26.8bn (1.5% of assets) in the first half of 2013.

Industry assets climbed to a six-year high of $2.35tln in June, according to estimates based on data from 3,441 funds. Assets rose 21.0% in the past 12 months but were down 3.6% from the all-time high of $2.4 trillion in June 2008.

The monthly TrimTabs/BarclayHedge Hedge Fund Flow Report noted that the hedge fund industry gained 1.4% in June. While this performance was the best in four months, it was less than the S&P 500’s 2.1% gain. In the past 12 months, hedge funds returned 10.8%, while the S&P 500 gained 24.6%.

"Equity Long Only funds had the best returns in June, gaining 3.4% and outperforming all other fund categories," said Waksman, who also noted that Convertible Arbitrage funds fared worst, edging up 0.4%.

Dr. Joseph Louro, Chief Executive Officer of Red Bank, New Jersey-based investment education company InvestView commented that June was a tough month for the markets as......................

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