Opalesque Industry Update - BarclayHedge and TrimTabs Investment Research reported today that the hedge fund industry took in a net $10.0 billion (0.5% of assets) in August, building on an $8.2 billion inflow in July, according to estimates based on data from 3,340 funds.|
“Year to date, the hedge fund industry has taken in a net $45.0 billion, a hefty turnaround from the $3.6 billion outflow for January-August 2012,” said Sol Waksman, president and founder of BarclayHedge. “Industry assets stood at $2.0 trillion in August, just below the five-year high of $2.1 trillion set in September 2008.”
The TrimTabs/BarclayHedge Hedge Fund Flow Report noted that Equity Long Only hedge funds lost 1.7% in August, reversing a 2.9% gain in July, but did outperform the Russell 3000 Index’s 2.8% loss for the month. “Equity Long Bias funds, meanwhile, lost 0.9% in August, reversing a 3.9% gain in July and marking their worst showing since losing 4.8% in May 2012," stated Waksman.
Funds of hedge funds shed $4.2 billion (0.9% of assets) in August, adding to a $4.1 billion outflow in July. Funds of funds have attracted net inflows in just two of the past 24-months.
Meanwhile, the monthly TrimTabs/BarclayHedge Survey of Hedge Fund Managers found that hedge fund managers grew notably less bearish on US stocks in September. Also, managers were substantially less bearish on US Treasuries in September compared to August but a majority of them were neutral on the US Dollar Index.
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.