Wed, Sep 2, 2015
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. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  5. Opalesque Exclusive: Foundation returns slide, but commitment to alternatives remains[more]

    Bailey McCann, Opalesque New York: Private and community foundations posted returns of 6.1 percent for the 2014 fiscal year (January 1 – December 31, 2014), down from the 15.6 percent return reported for FY2013, according to the latest Council on Foundations–Commonfund Study of Investment of End

 

banner