Opalesque Industry Update - BarclayHedge and TrimTabs Investment Research reported today that the hedge fund industry redeemed $29.1 billion (1.2% of assets) in December, its largest outflow since April 2009. “Hedge funds shed $12.5 billion in the second half of 2014, a sharp turnabout from the inflow of $87.5 billion in the first half,” said Sol Waksman, president and founder of BarclayHedge. “The industry’s inflow of $75.3 billion for the whole year was little changed from last year’s inflow of $76.4 billion." Hedge fund industry assets edged lower to $2.48 trillion in December from $2.50 trillion the month before, according to the latest estimate based on data from 3,544 funds. The monthly TrimTabs/BarclayHedge Hedge Fund Flow Report noted that the hedge fund industry lost 0.4% in December, matching the S&P 500’s performance. In the past 12 months, hedge funds returned 2.9%, while the S&P 500 rose 11.4%. “All but two fund categories suffered outflows in December,” said Waksman. “The exceptions were Equity Market Neutral funds, which took in $450 million, and Equity Long Only funds, which took in $250 million." The monthly TrimTabs/BarclayHedge Survey of Hedge Fund Managers finds that hedge fund managers’ bullishness on U.S. stocks hit a 15-month high in January. Most of the managers surveyed see better days ahead for the petroleum markets, as only 21% expect lower crude oil prices in six months. Bullishness on the U.S. dollar is the highest in the four-year history of the survey. Press Release |
Industry Updates
Hedge funds shed $29.1 billion in December
Tuesday, February 10, 2015
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