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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

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