Mon, Jul 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

TrimTabs and BarclayHedge report hedge fund assets are flowing back ($4.3bn in January)

Tuesday, March 12, 2013
Opalesque Industry Update — BarclayHedge and TrimTabs Investment Research reported today that the hedge fund industry took in $4.3 billion in January 2013, compared with outflows of $20.7 billion in December. The results are based on data from 3,459 funds.

Despite the January inflows, the industry shed $12.6 billion in the past 12-months, a sharp turnaround from the previous 12-month span when it took in $30.1 billion according to the TrimTabs/BarclayHedge Hedge Fund Flow Report.

The industry as a whole also underperformed in January, gaining only 2.5%, compared with 5% for the S&P 500, continuing a longer-term trend. During the past 12 months the industry earned 7.8%, trailing the S&P 500's 14% advance.

“Although assets have been flowing out of hedge funds and equity mutual funds, now that the fear of a major tail-risk event destabilizing Western economies has subsided, we’re starting to see assets flowing back,” said Sol Waksman, founder and president of BarclayHedge, pointing to the longer term flow trends.

The report noted, however, that in terms of performance, stock-picking hedge fund managers did considerably better than the industry in January and over the longer term. Equity Long Only hedge funds earned 5.7% in January and 15% in the past 12 months, the best returns in both time horizons among the 13 major fund categories. Meanwhile, funds of hedge funds continued to shed assets in January, giving up $6.4 billion, bringing their outflows in the past 12 months to $45.2 billion.

“It’s not surprising that funds of funds are posting big outflows,” said a Vice President at TrimTabs. “They underperformed the hedge fund industry by 53 basis points in January and 303 basis points in the past 12 months."

The latest TrimTabs/BarclayHedge Survey of Hedge Fund Managers found managers were notably less optimistic on the S&P 500 in February than they were at the same time in January. Bullish sentiment toward the S&P 500 fell nearly 11 percentage points from January, while bearish sentiment rose over 13 points.

The TrimTabs/BarclayHedge database tracks hedge fund flows on a monthly basis. The Survey of Hedge Fund Managers appears monthly in the TrimTabs/BarclayHedge Hedge Fund Flow Report, which provides detailed analysis of hedge fund flows, assets, and returns alongside topical studies.

Click here for further information.

Press release

www.trimtabs.com

Bg

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: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe