“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.
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.