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“The redemptions of $4.1 billion in the first two months of this year stand in dramatic contrast to the inflow of $31.6 billion in the same period last year,” said Sol Waksman, president and founder of BarclayHedge. “In the past 12 months, hedge funds added $39.2 billion, down 57% from $91.4 billion in the previous twelve-month span.”

Hedge fund industry assets edged up to $2.49 trillion in February from $2.47 trillion the month before, according to BarclayHedge's estimate based on data from 3,600 funds.

The monthly TrimTabs/BarclayHedge Hedge Fund Flow Report noted that the hedge fund industry gained 2.2% in February, its best performance in two years. Nevertheless, it underperformed the S&P 500, which rose 5.5%.

“Fixed Income funds had their best showing in sixteen months, rising 1.2% in February," said Waksman. “Multi-Strategy funds had the strongest inflows in February, taking in $2.0 billion.”

The latest TrimTabs/BarclayHedge Hedge Fund Sentiment Survey finds optimism on U.S. stocks dipped to a six-month low in March, while bearishness rose by the highest amount in 14 months. Three-quarters of managers expect developed markets to outperform emerging and frontier markets in the next six months, while a slim majority expects stocks to outperform bonds and precious metals.

Press Release