Fri, Jun 22, 2018
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. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  2. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  3. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a

  4. News Briefs: David Stemerman's hedge fund holdings shrank before his run for governor, nvestment manager TSW triggers succession plan, Alan Howard joins Peter Thiel investing in Cologne-based fintech startup[more]

    David Stemerman's hedge fund holdings shrank before his run for governor But the U.S. holdings of Stemerman's Greenwich hedge fund, Conatus Capital, shrank from $2.6 billion at the apex to just over $1 billion before he announced his move into politics. (Hartford Courant) Inv

  5. British Empire: Pershing's 23% discount 'unsustainable'[more]

    From Citywire: The wide discount on Pershing Square Holdings (PSH) is 'unsustainable' and puts star hedge fund manager Bill Ackman under pressure, says British Empire (BTEM). Pershing is the third largest holding in the £850 million British Empire trust, managed by Joe Bauernfreund, which sp