Mon, May 25, 2015
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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. New market regime has created more dispersion between managers[more]

    Komfie Manalo, Opalesque Asia: The month of April has marked the transition toward a new market regime, Philippe Ferreira, Lyxor AM’s head of research, managed account platform, commented in the May 5's Weekly Briefing. "The first quart

 

banner