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Komfie Manalo, Opalesque Asia:

Hedge funds took in additional $56.4bn in the first four months of 2014, more than triple the inflow of $16.9 billion in the same period last year, said BarclayHedge and TrimTabs Investment Research. In April, the industry took in $18bn (0.8% of assets) in April, up from $10.6 billion (0.5% of assets) in March.

Sol Waksman, president and founder of BarclayHedge said "Industry assets climbed to a 5-1/2 year high of $2.2 trillion in April, according to estimates based on data from 3,369 funds. Assets rose 18% in the past 12 months but were down 9% 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 earned just 0.01% in April and underperformed the S&P 500, which gained 0.7%. In the past 12 months, the industry returned 7.7%, while the S&P 500 gained 17.9%.

"Funds targeting distressed securities have been standout performers this year," said Waksman. "These funds rose 1.1% in April and 5.2% in the first four months of this year, outperforming all other hedge fund strategies."

The monthly TrimTabs/BarclayHedge survey of hedge fund managers finds 42% of the hedge fund managers queried were neutral on the S&P 500 over the next 30 days, and the rest were evenly divided between bullish and bearish. Most managers expe......................

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