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“The hedge fund industry continues to struggle with performance,” said Sol Waksman, president and founder of BarclayHedge. “The industry delivered a return of 0.4% in February, less than half of the S&P 500’s 1.1% rise. In the past 12 months, hedge funds earned 5.8%, while the S&P 500 rose 10.9%."
The TrimTabs/BarclayHedge Hedge Fund Flow Report noted that stock-picking hedge fund managers performed well in February, just as they did in January.
“Managers of Equity Long Only hedge funds rose 1.1% in February, the best performers out of 13 major fund categories,” said Waksman. “Fixed Income and Multi-Strategy are the only two strategies that posted inflows in the past 12 months."
Funds of hedge funds continued to shed assets, losing $3.3 billion in February and $54.3 billion in the past 12 months. They underperformed the hedge fund industry by 216 basis points in the past 12 months.
The latest TrimTabs/BarclayHedge Survey of Hedge Fund Managers found managers are notably more cautious about April than they were about March. Opinions on the U.S. Dollar Index, 10-year Treasuries, and several other indicators hint that hedge fund managers are turning more defensive.
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.
