“The hedge fund industry has not suffered two consecutive monthly outflows since mid-2012,” said Sol Waksman, president and founder of BarclayHedge. “Hedge funds added $57.8 billion from February 2014 through January 2015, down 24% from $75.7 billion in the previous twelve-month span.”
Hedge fund industry assets dipped to a nine-month low of $2.43 trillion in January, according to BarclayHedge's estimate based on data from 3,547 funds.
The monthly TrimTabs/BarclayHedge Hedge Fund Flow Report noted that the hedge fund industry lost 0.1% in January, outperforming the S&P 500, which fell 3.1%. In the past 12 months, hedge funds returned 3.3%, while the S&P 500 rose 11.9%.
“Fixed Income funds had their best showing in seven months, rising 0.8% in January,” said Waksman. “These funds also had the strongest January inflows at $2.6 billion.”
The latest TrimTabs/BarclayHedge Hedge Fund Sentiment Survey finds that hedge fund managers’ optimism on U.S. stocks faded a bit in February, breaking a four-month streak of increases. Bullishness on the U.S. dollar eased from January’s record high. While managers are less bullish on gold prices, few of them expect crude oil prices to be lower in 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.