Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds still slow to fully recover from 2008

Tuesday, August 28, 2012

Bailey McCann, Opalesque New York:

Four years after the 2008 crisis, hedge funds as an industry are still exhibiting significant weakness, according to a spate of data from all corners of the industry released yesterday. Despite a strong early start to the year, the performance data for the first half of 2012, and the outlook for the remainder of the year, doesn't present a glowing picture. According to the Dow Jones Credit Suisse Hedge Fund Index, in July alone, the industry saw estimated outflows of approximately $8.5bn. Overall assets under management have also dropped from approximately $2tn to $1.75tn.

Additional data released from eVestment|HFN shows that structurally, the number of hedge funds and hedge fund of funds in existence today remains well below 2008 levels. The decline in the overall number of hedge funds is less than the number of fund of hedge funds, although redemptions have continued for the last five consecutive months, and in 12 of the last 13 months. The SS&C GlobeOp Forward Redemption Indicator for August 2012 ......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1