Sat, Feb 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

BarclayHedge reports hedge funds took in $4.7bn in November 2012

Tuesday, January 08, 2013
Opalesque Industry Update - BarclayHedge and TrimTabs Investment Research reported that the hedge fund industry took in a net $4.7 billion (0.3% of assets) in November, reversing a $10.3 billion outflow in October. The results are based on data from 2,935 funds.

The latest monthly TrimTabs/BarclayHedge Hedge Fund Flow Report notes that the hedge fund industry earned 0.6% in November, besting the benchmark S&P 500 Index’s 0.3% increase and marking the second consecutive month that the industry outperformed the S&P 500.

“Two months of outperformance signal a notable shift from the dominant trend of the past 12 months, when the industry gained 6.2% while the S&P 500 rose 13.6%,” said Sol Waksman, founder and president of BarclayHedge.

Although returns and cash flow improved in November, the past 12 months have not been so kind. Industry outflows totaled $21.2 billion (1.2% of assets) from December 2011 through November 2012, a sharp reversal compared with the previous 12-month industry inflow of $61.9 billion. TrimTabs and BarclayHedge reported that while the industry lost assets last year, top-performing hedge funds continued to gain assets over the same time period.

The Hedge Fund Flow Report also noted that Emerging Markets hedge funds had the highest returns for the month, at 1.3%, among the 13 categories tracked by BarclayHedge. Distressed Securities funds netted the best 12-month returns at 10.0%.

“Emerging Market and Distressed Securities funds show that the riskier investments are generating the higher returns for a change,” said Charles Biderman, founder and CEO of TrimTabs. “For much of the past year, safer Fixed Income hedge funds took in the most money by dollar volume and delivered the highest returns.” Fixed Income funds took in $25.6 billion (12.5% of assets) and earned 9.0% over the past 12 months.

The December 2012 TrimTabs/BarclayHedge Survey of Hedge Fund Managers found that managers overwhelmingly expect the S&P 500 Index to rise this year, but few expect a repeat of last year’s strong performance. Managers expect financial and industrial stocks to be the top two sectors this year. Sixty hedge fund managers participated in the survey.

Press release

bc

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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie