Hedge Fund Inflows Reach 6-Month High In November

By ExpatBriefing.com Editorial 13 January, 2014

BarclayHedge and TrimTabs Investment Research revealed in a report on January 06, 2013 that hedge funds took in USD17.5bn (0.9 percent of assets) in November.

This inflow was the highest in six months and the second-highest in the past two years.

"The hedge fund industry has taken in a net USD66.9bn in 2013, a healthy turnaround from an outflow of USD8.2bn in the same period in 2012," said Sol Waksman, president and founder of BarclayHedge. Hedge funds had net inflows in nine of the first 11 months of 2013.

Industry assets climbed to a five-year high of USD2.1 trillion. "Assets are up 17 percent in 2013 but are still 14 percent below the all-time peak of USD2.4 trillion in June 2008," Waksman said.

The monthly TrimTabs/BarclayHedge Hedge Fund Flow Report said the industry gained 0.8 percent in November, underperforming the S&P 500, which gained 3.1 percent. Equity Long Only hedge funds gained 2.3 percent, adding to October's 1.9 percent gain. Equity Long Bias funds gained 1.6 percent, down from a 2.3 percent gain in October.

Funds of hedge funds took in USD1.9bn (0.4 percent of assets) in November, reversing course after redeeming USD1.1bn October. Funds of funds added assets in just three of the past 24 months. By contrast, the hedge fund industry posted inflows in 15 of the past 24 months.

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