Hedge Funds Banking $24.3 Billion in February 2014
Hedge 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
