FOR IMMEDIATE RELEASE
TrimTabs and BarclayHedge Report Hedge Fund Investors Redeem $8.6 Billion in June
New York, NY — August 7, 2013 — BarclayHedge and TrimTabs Investment Research reported today that hedge fund flows went negative for the first time this year in June, according to estimates based on data from 3,369 funds. Hedge fund investors redeemed a net $8.6 billion (0.4% of assets) in June, the largest outflow since October 2012 ($10.3 billion outflow) and a sharp turnaround from an $18.8 billion inflow in May.
“Despite the June setback, year to date flows to the hedge fund industry stayed positive at $27.1 billion,” said Sol Waksman, president and founder of BarclayHedge. “In the first five months of this year the industry took in $35.7 billion, compared with just $484 million, in the same period last year."
The TrimTabs/BarclayHedge Hedge Fund Flow Report noted that Equity Long Only Funds lost 1.4% in June, slightly underperforming the 1.3% loss in the Russell 3000 Index. “Equity Long Bias funds lost 0.9% in June, reversing a 2.6% gain in May and marking the first negative month since losing 0.4% in October 2012," said Waksman.
Funds of hedge funds shed $1.5 billion (0.3% of assets) in June, reversing a $428 million inflow in May. Funds of funds have attracted net inflows in just three of the past 24 months.
The TrimTabs/BarclayHedge Survey of Hedge Fund Managers found that managers grew less bearish on the S&P 500 in July, but opinions were pretty evenly split between bullish or neutral on the market’s prospects for August.
The TrimTabs/BarclayHedge database tracks hedge fund flows on a monthly basis. The TrimTabs/BarclayHedge Hedge Fund Flow Report provides detailed analysis of these flows as well as relevant topical studies. Click here for further information.
BarclayHedge is a leading hedge fund data vendor and one of the foremost sources for proprietary research in the field of alternative investments. From its origin as a research specialist and performance measurement firm, BarclayHedge has developed complete client services as a publisher, database and software provider, and industry consultant.
TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990. For more information, please visit us here.