Fri, Jul 1, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Opalesque Futures Intelligence

Index Tracker: Asset flows and various indexes.

Tuesday, May 19, 2009

Index Tracker

Managed futures as a whole continued to lose in April, as the Newedge, Barclay and Credit Suisse /Tremont indexes indicate. To see what's happening at a more granular level, take a look at Australian Fund Monitors' indexes, which cover more than 200 absolute return and hedge funds managed in Australia.

This database breaks out commodity and currency CTAs separately from managed futures. Australian commodity managers were about flat for the month while FX performed strongly.

When it came to new allocations, investors favored managed futures and global macro. According to Barclay Hedge, $31.4 billion left hedge funds in March, the fifth largest outflow on record, bringing first quarter redemptions to $137 billion or 12.6% of industry assets. But CTAs posted their first inflow in seven months, getting $695 million (0.4% of assets). Global macro was the only other sector that had a positive asset inflow.

Other databases point in the same direction, though the exact numbers differ. A report from Credit Suisse /Tremont says that overall assets under management by hedge funds declined to $1.3 trillion as of March 31st. While investors, in particular institutions, are expected to return to hedge funds in time, “Over the short term, we anticipate increased attention will be focused on specific sectors such as global macro, convertible arbitrage and managed futures.”

Here is what Credit Suisse /Tremont says about investors' interest:“Despite finishing the first quarter down 2.9%, funds in the managed futures space, which represented the best performing hedge fund sector last year, continue to build on the interest they generated in 2008. The liquid, trend-following nature of this strategy typically allows managers to react quickly to changing market conditions, which in turn has historically enabled managers to capitalize during periods of increased market volatility.”

April and Year-to-Date Returns, Various Indexes

 AprYTD
Australian Fund Monitors: 
Commodities/CTA0.16%-0.20%
Currency/FX1.68%1.92%
Global Macro0.17%-0.63%
Managed Futures-0.83%1.35%
All Hedge Funds3.09% 4.01%
Newedge CTA Index-1.96-4.0%
Barclay CTA Index - 0.51%- 2.34%
Credit Suisse /Tremont 
Managed Futures-3.24%-6.03%
Hedge Fund Index 1.68%2.55%



 
This article was published in Opalesque Futures Intelligence.
Opalesque Futures Intelligence
Opalesque Futures Intelligence
Opalesque Futures Intelligence
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. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  2. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  3. Chesapeake Partners to liquidate hedge fund amidst 'hostile environment'[more]

    Komfie Manalo, Opalesque Asia: Chesapeake Partners Management, the hedge fund run by woman fund manager Traci Lerner said it would return investors’ money after 25 years because the market environment has become "hostile" to manage other people’s money, reported

  4. Europe - George Soros says Brexit has ‘unleashed’ a financial markets crisis, Brexit—what we know, Will the UK’s departure be a ‘soft-Brexit’ or a ‘hard-Brexit’?, Brexit: Six-point action plan for asset managers[more]

    George Soros says Brexit has ‘unleashed’ a financial markets crisis From Bloomberg.com: Britain’s decision to leave the European Union has “unleashed” a crisis in financial markets similar to the global financial crisis of 2007 and 2008, George Soros told the European Parliament in Bruss

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.