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TrimTabs and BarclayHedge: hedge funds got $10.2 billion in November, January–November inflows largest since 2007

Tuesday, January 13, 2015
Opalesque Industry Update - BarclayHedge and TrimTabs Investment Research report that inflows to the hedge fund industry rebounded to $10.2 billion (0.4% of assets) in November from $1.1 billion (0.05% of assets) in October.

“Hedge funds took in $107.6 billion in the first 11 months of 2014, the largest January-November inflow since 2007,” said Sol Waksman, president and founder of BarclayHedge. “That’s a 61% jump from $66.9 billion in the same period a year ago.”

Hedge fund assets edged up to $2.40 trillion in November from $2.39 trillion in October. Assets climbed 14.5% in the past 12 months and are down just 1.6% from the all-time high of $2.44 trillion in June 2008.

The monthly TrimTabs/BarclayHedge Hedge Fund Flow Report noted that the hedge fund industry gained 0.7% in November, recovering from October’s loss of 0.3% but underperforming the S&P 500, which rose 2.7%. In the past 12 months, hedge funds returned 4.5%, while the S&P 500 rose 16.9%.

“Equity Long Only funds performed best in November, gaining 2.3%, while Fixed Income funds had the strongest inflows at $4.4 billion,” said Waksman.

The monthly TrimTabs/BarclayHedge Survey of Hedge Fund Managers finds that hedge fund managers’ optimism on U.S. stocks hit the highest level of the year in December. Bullishness on the U.S. Dollar Index is at the highest level in the four-year history of the survey. Similarly, a record-high percentage of managers expects developed market equities to outperform emerging and frontier market equities in the next six months.

The TrimTabs/BarclayHedge database tracks hedge fund flows on a monthly basis. The Survey of Hedge Fund Managers appears monthly in the TrimTabs/BarclayHedge Hedge Fund Flow Report, which provides detailed analysis of hedge fund flows, assets, and returns alongside topical studies.
www.barclayhedge.com

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