Fri, Dec 2, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

TrimTabs / BarclayHedge survey: Hedge funds post inflow of $4.0bn (0.3% of assets) in May

Monday, July 12, 2010
Opalesque Industry Update – TrimTabs Investment Research and BarclayHedge reported that the hedge fund industry posted an estimated inflow of $4.0 billion, or 0.3% of assets, in May 2010, the third inflow in four months. But poor performance drove industry assets to $1.58 trillion in May from $1.61 trillion in April, the first decline since July 2009.

“Performance was poor in May,” said Sol Waksman, CEO of BarclayHedge. “Hedge funds posted a negative return of 3.2%, the worst since October 2008. But flow data won’t show a hit until June because most funds allow redemptions only on a quarterly basis.”

The TrimTabs/BarclayHedge Survey of Hedge Fund Managers for June reveals that only 19% of 127 respondents are bullish on the S&P 500, while 37% are bearish. Only 36% are bullish on the U.S. dollar, down from 49% in May. Additionally, 46% of hedge fund managers cite Spain as the next Greece, while only 20% think Portugal will earn the honor.

“That ranking surprises, as Spain’s credit-default swap premium is smaller than Portugal’s,” said Vincent Deluard, Executive Vice President at TrimTabs. “But our results reveal no ‘homer’ bias - a majority of managers in every geographic region we surveyed like Spain to be the next European domino.”

In May, funds of hedge funds and commodity trading advisors posted inflows for the third straight month. Investors showed a much smaller appetite for risk, as emerging markets funds posted the largest outflow of any strategy as well as their first outflow since July 2009. In contrast, fixed income funds posted an inflow of $2.9 billion, the largest inflow of any strategy.

“Fixed income funds are up 5.1% this year, far and away the best performance of any strategy,” noted Deluard. “But there’s little meat left on that bone. The yield curve has flattened to a level not seen since April 2009, and 10-year Treasuries have dipped below 3%. Moreover, $691 billion in bond mutual funds and ETFs stands ready to flee the sector.”

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. Source


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. 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. 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. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  2. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  3. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released

  4. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  5. Hedge funds gain on Trump market rally, positive U.S. data[more]

    Komfie Manalo, Opalesque Asia: Hedge funds enjoyed meaningful returns in the week ending November 22, with the Lyxor Hedge Fund Index moving up 0.7% over the period (-1.6% YTD). From a broad perspective, all strategies ended the week on a positive note except for CTAs that ended flat. Event d