Sat, Feb 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge funds post inflow of $2.9bn in January, month six of inflows - TrimTabls/BarclayHedge

Monday, March 14, 2011
Opalesque Industry Update – TrimTabs Investment Research and BarclayHedge report that the hedge fund industry posted an estimated inflow of $2.9 billion (0.2% of assets) in January 2011, the sixth straight inflow.

“This inflow is very bullish for the industry because January typically delivers a heavy redemption related to year-end,” said Sol Waksman, founder and President of BarclayHedge. “Additionally, February is historically a strong month for new fund subscriptions, and our preliminary data suggests the industry took in as much as $10.0 billion last month.”

Hedge fund investors exhibited a weaker appetite for risk in January. All six equity fund strategies redeemed assets, and the emerging markets outflow marked the first since July 2010. Meanwhile, fixed income funds received $3.5 billion (2.0% of assets), the largest inflow since February 2008.

“Hedge fund managers are also exercising some caution,” explained Vincent Deluard, Executive Vice President of Research at TrimTabs. “Speculative traders are now modest sellers of U.S. equity futures. They exhibited terrific timing by reversing course at about the time the market peaked in February. Also, short interest increased 1.4% last month. Managers appear to be thinning their long books and boosting their hedges, albeit modestly.”

Funds of hedge funds redeemed $3.6 billion (0.7% of assets) in January, the third straight outflow as well as the heaviest since January 2010. Commodity trading advisors (CTAs) took in $2.8 billion (1.0% of assets), the tenth inflow in 11 months. Meanwhile, macro funds received $1.2 billion (1.2% of assets), the seventh straight inflow.

“Macro funds hauled in 11.8% of assets in the past year, easily the heaviest inflow of any strategy, even though they underperformed the industry by 490 basis points,” noted Deluard. “Macro themes—turmoil in the Middle East, currency wars, sovereign debt crises, central bank asset purchases—have been peppering markets, and hedge fund investors are banking on macro managers to navigate them with skill.”

The TrimTabs/BarclayHedge database tracks hedge fund flows on a monthly basis. The TrimTabs/BarclayHedge Hedge Fund Flow Report provides detailed analysis of these flows as well as relevant topical studies. Click here for further information.

Source

(press release)

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Opalesque Exclusive: Swiss investors take fund seeding and acceleration into their own hands[more]

    Benedicte Gravrand, Opalesque Geneva: Banque Bonhote, a 200-year old Swiss private bank, last year launched a community of investors - heads of Swiss family and advisory offices and wealth managers - with the aim of co-investing in the kind of managers they wanted to invest in, either by way of s

  2. K2 Advisors : Why We Like Activist Hedge Fund Strategies and Some Thoughts on Alpha[more]

    Matthias Knab, Opalesque: Rob Christian, Senior Managing Director, Head of Research K2 Advisors, Franklin Templeton Solutions, writes on Harvest Exchange: When d

  3. Ex-Navy SEAL backed by Mario Gabelli, Jean-Marie Eveillard and other value giants off to strong start[more]

    From Valuewalk.com: Sententia Capital Management is not your average value focused hedge fund. The fund was founded by Michael Zapata, a former Navy Seal Team 6 Officer and has attracted funding from some of the best-known names in the value space. Mario Gabelli, Jean-Marie Eveillard from First Eagl

  4. Europe - 1 trillion euro non-performing loans are clogging EU lending channels[more]

    From Centralbanking.com: As much as 1 trillion euro of non-performing loans (NPLs) are still clogging the lending channel in the European Union. An EU asset management company (AMC) could address market failures in the secondary market for NPLs as part of a suite of measures designed to tackle the b

  5. Investing - Hedge funds' novel approach: investing for longer at lower returns, U.S. hedge fund Delta Partners lifts stake in Bellamy's, Hedge funds stockpile cobalt, electric carmakers on battery alert, Facebook is racking up the likes among the world's biggest hedge funds, Einhorn affirms gold on Trump uncertainty[more]

    Hedge funds' novel approach: investing for longer at lower returns From FNLondon.com: Hedge funds are known for making short-term bets, dipping quickly in and out of markets to take advantage of swings in prices. But, under pressure to innovate, some big-name managers are looking at ways