Mon, Dec 5, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

TrimTabs and BarclayHedge report hedge funds get $4.4bn in January and handily outperform S&P 500

Thursday, March 13, 2014
Opalesque Industry Update - BarclayHedge and TrimTabs Investment Research reported today that hedge funds started the year on a positive note, taking in $4.4 billion (0.2% of assets) in January.

“The hedge fund industry took in $56.6 billion in the 12 months ended in January, a big reversal of the outflow of $12.6 billion in the previous 12-month span,” said Sol Waksman, president and founder of BarclayHedge.

Industry assets dipped to $2.1 trillion in January from December’s five-year high of $2.2 trillion, according to estimates based on data from 3,362 funds. Assets rose 14% in the past 12 months but were down 13% from the all-time high of $2.4 trillion in June 2008.

The monthly TrimTabs/BarclayHedge Hedge Fund Flow Report noted that the hedge fund industry lost just 0.4% in January, far outperforming the S&P 500, which skidded 3.4%. In the past 12 months, the industry returned 8.2%, while the S&P 500 gained 21.5%.

Equity Long Only hedge funds, which led the industry in the past 12 months with a gain of 17.3%, had a rough January. “Equity Long Only funds had their worst showing in 20 months, losing 3.3% and more than reversing the 2.0% gain in December,” Waksman said.

The monthly TrimTabs/BarclayHedge Survey of Hedge Fund Managers finds most managers expect gold prices to rise in the next six months, while the share who thinks stocks will outperform bonds and precious metals is below a majority for the first time since August 2013. Managers are equally bullish, bearish, and neutral on the S&P 500 over the next 30 days and similarly split on oil prices over the next six months.

PD

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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released