“Hedge funds shed $12.5 billion in the second half of 2014, a sharp turnabout from the inflow of $87.5 billion in the first half,” said Sol Waksman, president and founder of BarclayHedge. “The industry’s inflow of $75.3 billion for the whole year was little changed from last year’s inflow of $76.4 billion."
Hedge fund industry assets edged lower to $2.48 trillion in December from $2.50 trillion the month before, according to the latest estimate based on data from 3,544 funds.
The monthly TrimTabs/BarclayHedge Hedge Fund Flow Report noted that the hedge fund industry lost 0.4% in December, matching the S&P 500’s performance. In the past 12 months, hedge funds returned 2.9%, while the S&P 500 rose 11.4%.
“All but two fund categories suffered outflows in December,” said Waksman. “The exceptions were Equity Market Neutral funds, which took in $450 million, and Equity Long Only funds, which took in $250 million."
The monthly TrimTabs/BarclayHedge Survey of Hedge Fund Managers finds that hedge fund managers’ bullishness on U.S. stocks hit a 15-month high in January. Most of the managers surveyed see better days ahead for the petroleum markets, as only 21% expect lower crude oil prices in six months. Bullishness on the U.S. dollar is the highest in the four-year history of the survey.
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.