“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 under performing 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.