Alt Investments
US Hedge Funds Took In $10 Billion Of Net Inflows During August
The global hedge fund industry absorbed net inflows of $10
billion in August, building on an inflow of $8.2 billion in the
previous month,
according to BarclayHedge and TrimTabs Investment Research.
The data is based on estimates from 3,340 funds.
“The hedge fund industry has taken in $45.0 billion this
year through August, a big shift from the outflow of $3.6 billion
in the same
period last year,” said Sol Waksman, president and founder of
BarclayHedge.
“Industry assets stood at $2.0 trillion in August, just below the
five-year
high of $2.1 trillion in September 2008,” Waksman said.
The report noted that Equity Long-Only hedge funds lost 1.7
per cent in August, reversing part of the 2.9 per cent gain in
July but outperforming
the Russell 3000’s 2.8 per cent loss. Equity Long Bias funds lost
0.9 per cent
in August, their worst showing since losing 4.8 per cent in May
2012.
Funds of hedge funds shed $4.2 billion (0.9 per cent of
assets) in August, adding to an outflow of $4.1 billion in July.
Funds-of-funds
posted inflows in just two of the past 24 months.
