The hedge fund industry saw a net inflow of US$10 billion in August, building on an inflow of $8.2 billion in the previous month, according to BarclayHedge and TrimTabs Investment Research.
Based on data from 3,004 funds, the TrimTabs/BarclayHedge Hedge Fund Flow Report estimated that industry assets stood at US$2.0 trillion in August, down from the five-year peak of US$2.1 trillion set in September 2008, according to Hedgeweek.
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"Year to date, the hedge fund industry has taken in a net US$45.0 billion, a hefty turnaround from the USD3.6 billion outflow for January-August 2012," said Sol Waksman, president and founder of BarclayHedge. "
The Hedge Fund Flow Report noted that the equity long only funds lost 1.7% in August, reversing a 2.9% gain in July, while outperforming the Russell 3000 Index loss of 2.8% for the month.
In a separate research note, the study reported that Funds of hedge funds lost US$4.2 billion (0.9% of assets) in August, adding to a USD4.1 billion outflow in July, while Funds of funds have gained net inflows in two of the past 24-months.
Additionally, the report also found that Equity Long Bias funds shed 0.9% in August, reversing a 3.9% gain in July and marking their worst performance since losing 4.8% in May 2012.
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By GlobalDataAt the same time, the TrimTabs/BarclayHedge’s monthly Survey of Hedge Fund Managers revealed that hedge fund managers grew notably in September.
