Fri, Apr 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

TrimTabs and BarclayHedge report hedge fund assets are flowing back ($4.3bn in January)

Tuesday, March 12, 2013
Opalesque Industry Update — BarclayHedge and TrimTabs Investment Research reported today that the hedge fund industry took in $4.3 billion in January 2013, compared with outflows of $20.7 billion in December. The results are based on data from 3,459 funds.

Despite the January inflows, the industry shed $12.6 billion in the past 12-months, a sharp turnaround from the previous 12-month span when it took in $30.1 billion according to the TrimTabs/BarclayHedge Hedge Fund Flow Report.

The industry as a whole also underperformed in January, gaining only 2.5%, compared with 5% for the S&P 500, continuing a longer-term trend. During the past 12 months the industry earned 7.8%, trailing the S&P 500's 14% advance.

“Although assets have been flowing out of hedge funds and equity mutual funds, now that the fear of a major tail-risk event destabilizing Western economies has subsided, we’re starting to see assets flowing back,” said Sol Waksman, founder and president of BarclayHedge, pointing to the longer term flow trends.

The report noted, however, that in terms of performance, stock-picking hedge fund managers did considerably better than the industry in January and over the longer term. Equity Long Only hedge funds earned 5.7% in January and 15% in the past 12 months, the best returns in both time horizons among the 13 major fund categories. Meanwhile, funds of hedge funds continued to shed assets in January, giving up $6.4 billion, bringing their outflows in the past 12 months to $45.2 billion.

“It’s not surprising that funds of funds are posting big outflows,” said a Vice President at TrimTabs. “They underperformed the hedge fund industry by 53 basis points in January and 303 basis points in the past 12 months."

The latest TrimTabs/BarclayHedge Survey of Hedge Fund Managers found managers were notably less optimistic on the S&P 500 in February than they were at the same time in January. Bullish sentiment toward the S&P 500 fell nearly 11 percentage points from January, while bearish sentiment rose over 13 points.

The TrimTabs/BarclayHedge database tracks hedge fund flows on a monthly basis. The Survey of Hedge Fund Managers appears monthly in the TrimTabs/BarclayHedge Hedge Fund Flow Report, which provides detailed analysis of hedge fund flows, assets, and returns alongside topical studies.

Click here for further information.

Press release

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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Performance - Blackstone profits plunge 77% as performance fees dive, Hedge fund stars' fortunes hostage to market swings, Hedge fund manager goes from billionaire to millionaire in profits plunge, Hedge funds biggest losers in SunEdison's 'magic money machine'[more]

    Blackstone profits plunge 77% as performance fees dive From FT.com: Blackstone, the world’s biggest manager of alternative investments from private equity to real estate, suffered from sharply lower performance fees amid turbulent markets in the first three months of the year, even as it

  3. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  4. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  5. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the