Sat, Jul 26, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

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. swaksman@barclayhedge.com / www.barclayhedge.com

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. vincent.deluard@trimtabs.com / 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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  4. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  5. Opalesque Roundtable: European family offices struggle to retain their investments in offshore hedge funds[more]

    Komfie Manalo, Opalesque Asia: The European Union’s Alternative Investment Fund Managers Directive (AIFMD) will constrain investment opportunities amidst concern a number of U.S. fund managers will stop marketing their products in the European Union under the new rule, said Valentin Bohländer fro