|
Laxman Pai, Opalesque Asia: Driven by a fourth-quarter stock market plunge and investor concerns over global trade disputes and a possible global economic slowdown, hedge fund redemptions slowed from their December pace in January, but persisted for a fifth straight month.
According to the Barclay Fund Flow Indicator, January's hedge fund redemptions stood at $24.1bn, a marked decrease from December's $42.3bn but still a drop of 0.8% of hedge fund assets.
The January activity of hedge fund investors worldwide (excluding CTAs) producing a fifth straight month of net redemptions, even as outflows backed off December's pace - the largest monthly hedge fund redemptions total in at least five years, the report said.
"A fourth quarter U.S. stock market plunge coupled with volatility in fixed-income markets clearly spooked investors," said Sol Waksman, president of BarclayHedge.
"Meanwhile, international stocks fared no better including in emerging markets where concerns over U.S.-China trade issues and fears of further U.S. interest rate hikes fueled volatility," he added.
Global hedge fund industry net assets reach $2.96tn
For the 12-month period ending Jan. 31, hedge fund net outflows stood at $118.3bn, 4.0% of industry assets. At the end of January, global hedge fund industry net assets stood at nearly $2.96tn.
Macro funds led the field in hedge fund inflows over the 12-month period ending in January, adding more than $14.2bn, 6.7% of net as...................... To view our full article Click here
|
RSS
