Hedge Funds Banking $24.3 Billion in February 2014Hedge funds banked $24.3 billion (1.1% of assets) in February 2014, the highest monthly inflow in three years, according to BarclayHedge and TrimTabs Investment Research report released.
“The hedge fund industry raked in $28.7 billion in January and February, an 83% jump from $15.7 billion in the same period last year,” said Sol Waksman, president and founder of BarclayHedge.
Industry assets climbed to a 5–1/2 year high of $2.2 trillion in February, according to estimates based on data from 3,374 funds. Assets rose 18% in the past 12 months but are down 11% from the all-time high of $2.4 trillion in June 2008.
The monthly TrimTabs/BarclayHedge Hedge Fund Flow Report noted that the hedge fund industry delivered a return of 1.9% in February, recovering from January’s 0.4% loss but substantially underperforming the S&P 500, which gained 4.6%. In the past 12 months, the industry returned 10.0%, while the S&P 500 gained 24.5%.
Equity Long Bias hedge funds, the best-performing category in the past 12 months, rebounded in February. “Equity Long Bias funds gained 3.0% in February, the best return in five months and a healthy recovery from January’s 0.8% loss,” Waksman said.Source: Opalesque