"July’s volume was well off the blazing pace set in May, when the industry took in a net $18.8 billion, the largest inflow in the past 2-1/2 years, ”said Sol Waksman, president and founder of BarclayHedge. “Nevertheless, industry assets climbed to a five-year high of $1.97 trillion in July.”
The TrimTabs/BarclayHedge Hedge Fund Flow Report noted that Equity Long Only funds gained 2.9% in July, reversing a 1.5% loss in June, but trailed the Russell 3000 Index’s 5.5% gain for the month. “Equity Long Bias funds however gained 3.9% in July, their best showing since gaining 4.2% in April, ”Waksman said.
Funds of hedge funds shed $4.1 billion (0. 9% of assets) in July, building on a $1.5 billion outflow in June. Funds of funds have attracted net inflows in just three of the past 24 months.
Meanwhile, the monthly TrimTabs/BarclayHedge Survey of Hedge Fund Managers found that managers grew notably more bearish on U.S. stocks in August. Also, nearly half of the managers surveyed in August were bearish on U.S. Treasuries while a similar proportion were bullish on the U.S. Dollar Index.
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.