Thu, Mar 30, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Brutal week for fund flows conjures memories of 2008

Monday, August 15, 2011
Opalesque Industry Update - An imperfect storm of downgrades, rumors, lackluster macroeconomic data and the ongoing Eurozone debt crisis transformed a retreat by investors into something approaching a stampede during the week ending August 10. Redemptions from most EPFR Global-tracked fund groups soared, with High Yield Bond Funds hit particularly hard, as investors liquidated positions and parked their cash in Money Market Funds.

While Money Market Funds rebounding from the previous week’s record setting outflows with their highest ever inflow, High Yield Bond and Floating Rate Funds suffered their biggest weekly outflows since EPFR Global started tracking them in 2Q05 and 1Q07 respectively. Redemptions from Emerging Markets Equity Funds, Global Equity Funds and Bond and Balanced Funds hit levels last seen in 2008. Real Estate Sector Funds had their worst week in nearly four years and outflows from US Equity Funds jumped to a 63 week high. Source

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: FS Investments launches energy fund[more]

    Bailey McCann, Opalesque New York: $19 billion Philadelphia-based FS Investments has launched a new interval fund which will invest in energy. The FS Energy Total Return Fund is the firm's first closed-end interval fund and will invest opportunistically in energy companies and assets. FS

  2. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  3. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He

  4. Opalesque Exclusive: Swiss start-up and German fund manager to launch AI hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: NNAISENSE, a Swiss start-up that develops artificial intelligence (AI) and machine learning applications, and

  5. Eric Mindich to shutter hedge fund Eton Park after difficult 2016[more]

    Komfie Manalo, Opalesque Asia: Erich Mindich is shutting down his hedge fund Eton Park after losing 9% in 2016 and its assets falling by $2bn to the current $7bn, Reuters reported. Mindich told investors