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Alternative Market Briefing

Hedge funds saw four consecutive months of outflows in August, but assets still up by $17.6bn YTD

Wednesday, September 21, 2016

Komfie Manalo, Opalesque Asia:

Hedge funds witnessed four consecutive months of outflows with investor redemptions totaling $23.8bn as of end of August, data provider Eurekahedge said in its monthly report. But total hedge fund assets grew by $17.6bn over the past eight months with the industry's total assets currently standing at $2.26tln.

The report added that the $800bn long/short equity hedge fund space has seen investor redemptions of $19.5bn over four consecutive months ending August. The Eurekahedge Long/Short Equity Hedge Fund Index is up 1.50% for the year.

Eurekahedge said, "Hedge funds were up a marginal 0.03% in August (+2.58% YTD), with much of the weakness being led by underlying CTA/managed futures and macro mandated hedge funds. Meanwhile, underlying markets, as represented by the MSCI AC World Index (Local) grew 0.48%. While August was a relatively quiet month, central bank actions dominated the trading scene especially towards the end of the month. This affected much of the trend-following and commodity-focused hedge funds, both of which are sub-sets of the broader CTA/managed futures strategy."

It added that close to 60% of the underlying constituent hedge funds for the Eurekahedge Hedge Fund Index were in positive territory for the month, with a majority of them being long/s......................

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