“In May, the hedge fund industry saw its strongest net inflows in more than two years,” said Sol Waksman, president and founder of BarclayHedge. “In the first five months of this year, the industry took in $35.7 billion, compared with just $484 million in the same period last year."
The TrimTabs/BarclayHedge Hedge Fund Flow Report noted that Equity Long Bias Funds delivered a return of 2.6% in May, edging past the S&P 500’s 2.3% gain. “This outperformance flies in the face of the trend in the past 12 months, when these funds earned 16.6% as the S&P 500 gained 27.3%,” said Waksman.
Funds of hedge funds took in a net $428 million (0.1% of assets) in May, reversing a $4.2 billion outflow in April and breaking a 14-month streak of net outflows. Funds of funds underperformed the hedge fund industry by 67 basis points in May.
The TrimTabs/BarclayHedge Survey of Hedge Fund Managers found that managers grew more bearish on the S&P 500 in June, but opinions were pretty evenly split in July.
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.