In the week ending 27 May, 2016, it was reported that listed hedge funds in the UK have been “decimated” by investor outflows and fund closures since the financial crisis while in general ETF assets are continuing to grow as more investors recognise a more efficient, low cost and transparent way of investing. UCITS sales also dropped sharply in Q1, data from Efama showed. Tony James has predicted that hedge funds could lose as much as 25% of their current $2.9tln assets in the next year. Meanwhile, the "$1bn hedge fund club" has grown to 668 managers as the group continues to dominate. Data from eVestment showed that investors redeemed just under $1.9bn from hedge funds in April, and redemption request climbed in May as the SS&C GlobeOp Forward Redemption Indicator jumped 4.38% from 2.94% in April. Assets of liquid alternative mutual funds have stagnated for two years and the average fund lost money. David Snoddy’s hedge fund saw its assets rise to more than $2bn by tapping U.S. investors. Cantor Fitzgerald and a senior fund manager at Psigma have teamed up to launch Vermeer Investment Management; Olivier Thomas has teamed up with another former employee at Deutsche Bank to launch a hedge fund trad...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, May 28, 2016
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