Fri, Mar 6, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

TrimTabs, BarclayHedge report hedge funds get $4.1bn in September, industry assets now at $2tln

Friday, November 15, 2013
Opalesque Industry Update - BarclayHedge and TrimTabs Investment Research reported today that the hedge fund industry added assets for the third consecutive month in September 2013, taking in a net $4.1 billion (0.2% of assets). This estimate is based on data from 3,340 funds.

“The hedge fund industry has received $51.6 billion in 2013, which is a huge turnaround from the outflow of $2.6 billion in the same period last year,” said Sol Waksman, president and founder of BarclayHedge. “Industry assets hit a five-year high of $2.0 trillion in September,” added Waksman.

The TrimTabs/BarclayHedge Hedge Fund Flow Report noted that hedge fund assets are up 10.3% in 2013. Nevertheless, they are 17.9% below the all-time peak of $2.4 trillion in June 2008.

“Equity Long Only hedge funds had their best run since January 2012, gaining 5.9% in September and reversing a 1.6% loss in August,” said Waksman. Equity Long Bias funds, meanwhile, gained 3.1% in September, reversing a 0.8% loss in August and notching their best gain since July.

Funds of hedge funds gave up $2.6 billion (0.6% of assets) in September, adding to an outflow of $5.0 billion in August. Funds of funds attracted net inflows in just two of the past 24 months.

The monthly TrimTabs/BarclayHedge Survey of Hedge Fund Managers found that a majority of hedge fund managers were bullish on U.S. stocks for the first time this year in October. While a plurality of managers were neutral on U.S. Treasuries, bearishness on the U.S. Dollar Index rose to a 10-month high.

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

BarclayHedge Source

TrimTabs Investment Research Source

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. SkyBridge opens office in Palm Beach County[more]

    Where better for a southern location than South Florida? SkyBridge Capital, which is headquartered in New York, has opened an office in Palm Beach Gardens. Palm Beach Gardens is a "Signature City" in northern Palm Beach County, with a population of around 49,000.

  2. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  3. Patrick McCormack to shut down hedge fund Tiger Consumer[more]

    Komfie Manalo, Opalesque Asia: Patrick McCormack is shutting down his hedge fund Tiger Consumer Management after 15 years "to spend more time with his family," reported Reuters. Tiger Consumer ended February up 4.6% (+3.9% YTD) and assets roughly $1.4bn, reported

  4. Event-driven strategies lead hedge fund gains in February while CTA rally shows signs of fatigue[more]

    Komfie Manalo, Opalesque Asia: Hedge funds ended February on a good note (+0.8%), confirming the positive momentum witnessed since the start of the year, reported Lyxor Asset Management in its Weekly Briefing. As of the end of February, the Lyxor He

  5. Large hedge funds grow assets almost three times faster than sub $5bn funds[more]

    Komfie Manalo, Opalesque Asia: As institutional investors’ needs continue to evolve, they are increasingly looking to work with larger hedge fund managers and intermediaries who can meet their appetite for comprehensive portfolio solutions, said Barry Bausano, co-head of Global Prime Finance at D