By Hedge Fund Insight staff In September managed futures put in their fifth consecutive month of back-to-back losses. The bigger CTAs in aggregate have lost just over 6% so far in 2013. Smaller CTAs have suffered loses too, with their NAVs off just short of 3% in the YTD period. According to eVestment the hedge […] Read more »
Pattern of Flows to Hedge Funds By Region Continues – Europe & Asia Winners
By Hedge Fund Insight staff Earlier it was noted here that European and Asian hedge funds were starting to attract capital flows. American institutional investors are the source of roughly 60% of the flows to the industry, and this year they have diversified from their existing holdings of hedge funds. That trend has continued into […] Read more »
Graphic of the Day – Blackstone Hedge Fund Solutions
From Blackstone’s Second Quarter Results: Represents currently invested incentive fee eligible AUM above or below High Water Mark and/or hurdle. Totals may not add due to rounding. July 1 subscriptions of $199 million are not included in quarter end Fee-Earning AUM. The move over the High Water Mark for the majority of assets in Hedge […] Read more »
Half Of UCITS Hedge Flows Into Fixed Income
By HFI Staff Writer Last year UCITS hedge funds assets under management (AUM) increased by 20% to reach a new high of €140 billion. The latest quarterly European research on the UCITS hedge funds industry published by Alix Capital, the Geneva-based provider of the UCITS Alternatives Index (UAI) family of indices, reveals that more than […] Read more »
Fund of Hedge Fund Takeovers – Bursting a Dam or Turning a Tap?
By Simon Kerr, Principal, Enhance Consulting and Publisher of “Hedge Fund Insight” For seven or eight years we have been told that a wave of M&A was about to roll over the fund of hedge funds sector. There have been different reasons over that period, they all pointed towards consolidation, but somehow it has […] Read more »
Closure Rate of Funds of Hedge Funds Up
According to HFR, investors continued to withdraw capital from Fund of Hedge Funds, which experienced $4.4 billion in 3Q outflows, the 6th consecutive quarter of outflows. Total capital invested in Fund of Funds increased to $635 billion, as the HFRI Fund of Funds Composite Index gained +2.4 percent for the quarter. The HFRI Fund of Funds […] Read more »
Most Frequently Shorted UK Shares
By Simon Kerr The FSA has been gathering information on the short positions held by investors for some time – it has been part of the Hedge Fund Survey for several years. During the Credit Crunch a disclosure regime for significant net short positions in the stocks of UK financial sector companies was introduced, and […] Read more »
Market Disruption and Smaller Flows to Credit Funds Anticipated
By Manuel Arrive, Fitch France S.A.S., and Alastair Sewell, Fitch Ratings London Fitch Ratings expects credit markets to be less directional in the coming months. As a result, short duration, lower volatility and absolute return strategies with more performance contribution from bond picking will gain traction and are currently being launched by most advanced asset […] Read more »
Man Group Quarterly Figures – Still Minor Outflows
Man Group Plc announced first quarter 2012 figures today. 31 March 2012 FUM of $59.0bn which represents a 1.0% increase quarter on quarter: 31 Dec 2011 AUM: $58.4bn (as previously reported) Net outflows: $1.0bn Investment movement: $2.0bn FX & other: -$0.4bn 31 March 2012 FUM by product line: Guaranteed: $9.1bn Open-ended alternative: $25.0bn Institutional FOF: […] Read more »
Winton’s Futures Fund is primus inter pares
David Harding There has been a lot of comment in the hedge fund industry on the asset gathering of Winton Capital this year. David Harding’s firm has attracted inflows of over $7bn in 2011, which equates to over 10% of the whole industry’s capital inflows. This is a remarkable market share of the growth for […] Read more »