Thu, Jul 9, 2020
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

As of July, investors redeemed 5.3% of hedge fund assets in the past 12 months

Thursday, September 19, 2019

Laxman Pai, Opalesque Asia:

In July, hedge funds experienced a total of $8.1 billion in net redemptions - the second straight months of outflows on account of no-deal Brexit and Eurozone contraction, despite U.S. fund gains from June's equity markets rally.

However, the hedge fund redemptions slowed from the prior month's pace. July's redemptions, which represented 0.3% of industry assets, were an improvement on June's $12.2 billion in outflows, pointed out Barclay Fund Flow Indicator, tracking inflows/outflows for more than 6,000 funds.

Monthly trading gains of $17.5 billion brought total hedge fund industry assets to more than $3.12 trillion as July ended, down from $3.15 trillion in June.

While U.S. hedge funds rode June's equity market rally to net inflows in July, investors' ongoing concerns over the potential for a messy break between the U.K. and the European Union dragged funds in the U.K. and Europe heavily into net redemption territory for the month.

July saw hedge funds in the U.K. and its offshore islands experiencing nearly $8.4 billion in redemptions, 1.4% of assets, while those in Continental Europe shed nearly $3.0 billion, 0.4% of assets.

"With each month that goes by without a Brexit deal, investors grow increasingly skittish," said Sol Waksman, president of BarclayHedge.

"Those investor jitters were on full display in July's U.K. and Europe redemptions. Manufacturing contraction in the Eurozone didn't help and together......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Coronavirus crisis: PE industry mulls more realism and longer holding periods[more]

    Laxman Pai, Opalesque Asia: More realism, longer holding periods and an advantage for investors with a long-term focus - these are the main changes that investment managers in the German private equity market expect as a result of the coronavirus crisis. The PE transaction activity is not exp

  2. Multi-strategy hedge funds post double-digit gains, Tiger Global, Coatue score double-digit fund gains in 2020, Lone Pine soars after losses earlier this year, Can Pershing Square's standout year continue?[more]

    Multi-strategy hedge funds post double-digit gains From FT: Large multi-strategy hedge funds have posted double-digit gains for the first half of the year, reversing losses from March, as markets defied the economic downturn brought on by the coronavirus pandemic. Citadel Advisors

  3. Tech: Pandemic boosts digitalisation across the fund industry, The India-China bust up and what it may mean for tech, Machine learning goes global[more]

    Pandemic boosts digitalisation across the fund industry From International Investment: The pandemic has certainly accelerated change and digitalisation in ways that we never imagined, including the funds industry in Luxembourg. Business Continuity Planning and Disaster Recovery Pl

  4. New Launches: Hedge fund Marshall Wace will bet on ESG stocks with new $1bn fund, Stafford Capital raises initial $532m for ninth timberland fund, Nalanda Cap eyes $800m fund, China's Unity Ventures hits first close on US dollar fund[more]

    Hedge fund Marshall Wace will bet on ESG stocks with new $1bn fund From Forbes: Hedge fund Marshall Wace plans to raise $1 billion for a new fund that will invest in stocks with strong environmental, sustainability and governance (ESG) ratings while betting against stocks with poor rating

  5. PPP: Troubled firm Marto Capital asked for PPP money - and got approved, records show, Fallen hedge fund's head among money managers getting PPP relief, Wall Street investors scored emergency government loans amid pandemic, The asset managers approved for PPP money[more]

    Troubled firm Marto Capital asked for PPP money - and got approved, records show From Institutional Investor: Marto Capital - a former wunderkind founded by an ex-Bridgewater Associates star - got approved for emergency funds from the U.S. government, records showed Monday. Katina Stef