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.
TrimTabs Investment Research Source