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TrimTabs and BarclayHedge report hedge funds shed $8.9 billion in January

Tuesday, March 10, 2015
Opalesque Industry Update - BarclayHedge and TrimTabs Investment Research reported today that the hedge fund industry redeemed $8.9 billion (0.4% of assets) in January, down from December’s outflow of $28.1 billion (1.1% of assets), which was the largest since April 2009.

“The hedge fund industry has not suffered two consecutive monthly outflows since mid-2012,” said Sol Waksman, president and founder of BarclayHedge. “Hedge funds added $57.8 billion from February 2014 through January 2015, down 24% from $75.7 billion in the previous twelve-month span.”

Hedge fund industry assets dipped to a nine-month low of $2.43 trillion in January, according to BarclayHedge's estimate based on data from 3,547 funds.

The monthly TrimTabs/BarclayHedge Hedge Fund Flow Report noted that the hedge fund industry lost 0.1% in January, outperforming the S&P 500, which fell 3.1%. In the past 12 months, hedge funds returned 3.3%, while the S&P 500 rose 11.9%.

“Fixed Income funds had their best showing in seven months, rising 0.8% in January,” said Waksman. “These funds also had the strongest January inflows at $2.6 billion.”

The latest TrimTabs/BarclayHedge Hedge Fund Sentiment Survey finds that hedge fund managers’ optimism on U.S. stocks faded a bit in February, breaking a four-month streak of increases. Bullishness on the U.S. dollar eased from January’s record high. While managers are less bullish on gold prices, few of them expect crude oil prices to be lower in six months.

Press Release

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