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Hedge Funds Assets Rebound

Hedge Funds Assets Rebound

Hedge Funds Assets Expected to Rebound by 10% in 2009


Global hedge fund assets may recover by at least 10% in the latter half of this year.  Despite impressive returns, investors continued to pull cash from the industry in the first six months of 2009.

But Hedge Fund Intelligence's editorial director gave a promising prediction this week, "We would not be surprised to see industry assets rise from the mid-year levels by at least 10 percent before the end of 2009."  The fact that several hedge funds have seen their assets rise in the last couple months gives that statement some credibility, coupled with the great performance across the industry.
Last week, Man Group (EMG.L) said net client withdrawals slowed in the third quarter, helping to lift asset levels, while GLG Partners (GLG.N) recently said it had seen net inflows.

During the first half of this year total global hedge fund assets fell 8.5 percent to $1.67 trillion (1.05 trillion pounds), HFI said. That came even though funds on average gained 7.2 percent in performance terms, according to Credit Suisse/Tremont.

The data indicates that investors continued to pull their money out of hedge funds in the first half, perhaps in reaction to the industry's worst year of performance on record last year when funds lost close to 20 percent on avaerage [sic].

"This implies that net redemptions from hedge funds were continuing at a fairly rapid rate between January and June, with as much as 15 percent of investor money being pulled from the industry during the first half," HFI said in a statement.   Source


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