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Hedge funds add $950 million in April after shedding $750 million in March

Tuesday, June 09, 2015
Opalesque Industry Update - BarclayHedge and TrimTabs Investment Research reported today that the hedge fund industry took in $950 million (0.04% of assets) in April, reversing March’s outflow of $750 million (0.03% of assets).

“Investors have been showing less interest in hedge funds even though the industry’s performance has improved lately,” said Sol Waksman, president and founder of BarclayHedge. “Hedge funds redeemed $13.8 billion in the first four months of 2015, a strong turnabout from the same period last year, when they hauled in $65.6 billion.”

Hedge fund industry assets edged down to $2.49 trillion in April from $2.50 trillion the month before, BarclayHedge estimated based on data from 3,569 funds.

The monthly TrimTabs/BarclayHedge Hedge Fund Flow Report noted that the hedge fund industry gained 1.1% in April and outperformed the S&P 500, which rose 0.9% for the month.

“Emerging Markets funds rose 5.0% in April, the best returns among the thirteen categories we track,” said Waksman. “Multi-Strategy funds had the strongest inflows in April, taking in $2.5 billion.”

The latest TrimTabs/BarclayHedge Hedge Fund Sentiment Survey finds hedge fund managers turned more bullish on the S&P 500 in May, though neutral sentiment hit an eight-month high. The monthly survey finds mounting pessimism on U.S. Treasuries, the U.S. Dollar Index, and Emerging Markets. Bearishness on crude oil hit a two-year high, with more than three-quarters of respondents predicting oil prices will decline or level off in the next six months.

Press Release

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