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Komfie Manalo, Opalesque Asia: Investors increased their allocations to hedge funds in 4Q 2014 with $3.6bn in new capital bringing the full year of inflows to $76.4bn. 2014 was the highest calendar year of inflows since 2007 as financial market volatility soared into year-end led by a steep decline in oil, Euro currency weakness and sharp drops in both the Russian Ruble and equity markets, according to the latest edition of the HFR Global Hedge Fund Industry Report by data provider Hedge Fund Research.
As at end December 2014, the total global hedge fund assets reached a record $2.85tln, while the broad-based HFRI Fund Weighted Composite Index gained +3.3% for the full year.
"Extreme dislocations across financial markets in recent weeks, encompassing the dramatic slide in oil, negative sovereign yields, and the abandonment of the Swiss Franc/Euro cap, have sharply elevated expectations for volatility, significantly increasing both the opportunities and risks for investors in early 2015," stated Kenneth J. Heinz, President of HFR.
He added, "Many hedge funds had maintained conservative positioning throughout 2014, opportunistically anticipating the macroeconomic turmoil which accelerated into year end, with many continuing to position for a sustained equity market correction in response to this volatility. In light of this, many global investors have increased and rotated thei...................... To view our full article Click here
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