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TrimTabs and BarclayHedge: with estimated inflow of $7.1bn in January, hedge fund assets rise to $1.5tn (up 23.6% from April-09 low)

Monday, March 08, 2010
Opalesque Industry Update – TrimTabs Investment Research and BarclayHedge reported that all hedge funds posted an estimated inflow of $7.1 billion, or 0.5% of assets, in January. Hedge fund assets stand at $1.5 trillion, up 23.6% from the April 2009 low, thanks to an unprecedented 11-month winning streak.

“The inflow in January is a very positive sign for the hedge fund industry,” said Sol Waksman, CEO of BarclayHedge. “The first month of the year typically delivers a redemption-driven outflow.”

Distressed Securities funds posted the biggest inflow (6.2% of assets) and the best return (1.8%) in January. Multi Strategy funds posted the biggest outflow, while Equity Long Only funds showed the worst return. Funds of hedge funds lost $12.6 billion, the seventeenth outflow in the past 19 months.

“It’s not surprising that investors are walking away from funds of funds,” said Vincent Deluard, Global Equity Strategist at TrimTabs. “They returned only 12.3% in the past year, less than half of the industry’s 25.9% gain.”

Looking back at the past year, Merger Arbitrage funds posted the biggest inflow, while Multi Strategy funds posted the biggest outflow. Equity Market Neutral funds returned 1.6%, the worst performance of any strategy. Emerging Markets funds performed best, returning 65.7%.

“Hedge funds are likely to receive even more money in the coming months,” Deluard said. “While the S&P 500 is 30.6% below its October 2007 peak, hedge fund performance stands within three percentage points of its May 2008 record high.”

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.

BarclayHedge is a leading hedge fund data vendor and one of the foremost sources for proprietary research in the field of alternative investments. From its origin as a research specialist and performance measurement firm, BarclayHedge has developed complete client services as a publisher, database and software provider, and industry consultant. /

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990. /


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