18/03/2011
Inflows to hedge funds continued in January
p { margin-bottom: 0.08in; } According to a joint study by TrimTabs Investment Research and BarclayHedge, hedge finds in January posted net subscriptions of about USD2.9bn, corresponding to 0.2% of their assets, for a sixth consecutive month of net inflows.Sol Waksman, founder and president of BarclayHedge, says this result is highly encouraging for the sector, insofar as January is traditionally marked by heavy redemptions. However, February is usually a month of very large inflows, meaning that the authors of the study predict net subscriptions for the month of about USD10bn.Although funds of hedge funds have seen net outflows of USD3.6bn (0.7% of their assets) in January (3rd consecutive month of net redemptions), commodities funds (CTAs) attracted USD2.8bn (1% of their assets), and macro funds attracted USD1.2bn (1.2% of their assets).Overall, the six equities strategies all saw net redemptions, and emerging markets equities saw their first net outflows since July, while bond funds received net subscriptions of USD3.5bn (2% of assets), their strongest inflows since February 2008.
