Thu, Dec 18, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

BarclayHedge reports hedge funds took in $4.7bn in November 2012

Tuesday, January 08, 2013
Opalesque Industry Update - BarclayHedge and TrimTabs Investment Research reported that the hedge fund industry took in a net $4.7 billion (0.3% of assets) in November, reversing a $10.3 billion outflow in October. The results are based on data from 2,935 funds.

The latest monthly TrimTabs/BarclayHedge Hedge Fund Flow Report notes that the hedge fund industry earned 0.6% in November, besting the benchmark S&P 500 Index’s 0.3% increase and marking the second consecutive month that the industry outperformed the S&P 500.

“Two months of outperformance signal a notable shift from the dominant trend of the past 12 months, when the industry gained 6.2% while the S&P 500 rose 13.6%,” said Sol Waksman, founder and president of BarclayHedge.

Although returns and cash flow improved in November, the past 12 months have not been so kind. Industry outflows totaled $21.2 billion (1.2% of assets) from December 2011 through November 2012, a sharp reversal compared with the previous 12-month industry inflow of $61.9 billion. TrimTabs and BarclayHedge reported that while the industry lost assets last year, top-performing hedge funds continued to gain assets over the same time period.

The Hedge Fund Flow Report also noted that Emerging Markets hedge funds had the highest returns for the month, at 1.3%, among the 13 categories tracked by BarclayHedge. Distressed Securities funds netted the best 12-month returns at 10.0%.

“Emerging Market and Distressed Securities funds show that the riskier investments are generating the higher returns for a change,” said Charles Biderman, founder and CEO of TrimTabs. “For much of the past year, safer Fixed Income hedge funds took in the most money by dollar volume and delivered the highest returns.” Fixed Income funds took in $25.6 billion (12.5% of assets) and earned 9.0% over the past 12 months.

The December 2012 TrimTabs/BarclayHedge Survey of Hedge Fund Managers found that managers overwhelmingly expect the S&P 500 Index to rise this year, but few expect a repeat of last year’s strong performance. Managers expect financial and industrial stocks to be the top two sectors this year. Sixty hedge fund managers participated in the survey.

Press release

bc

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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  4. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und

  5. Performance - Lansdowne, Man Group, other hedge funds profit from shorts in oil, Turmoil boosts hedge funds that bet against Russia, oil, CTAs post strongest returns since December 2010[more]

    Lansdowne, Man Group, other hedge funds profit from shorts in oil From Valuewalk.com: The rising short interest in oil companies implies that the worst for oil is yet to come. Data from Markit shows that short exposure in energy sector of S&P 500 is still looming close to the highest mar