Hedge fund assets rise again in February

ProfitThe hedge fund industry’s assets under management rose to $3.08 trillion (€2.91 trillion) in February, according to data firm eVestment. Following redemptions at the end of 2014 and weak flows in January, hedge fund assets picked up in February, increasing 2% as investors added $13 billion in new assets and performance gains brought in a further $48 billion. For the second consecutive month, managed futures strategies saw increasing interest from investors, with inflows of $3.6 billion in new assets. This brings the year-to-date total of new assets in managed futures funds to $6.3 billion. Multi-strategy funds also had a positive month, with an additional $3.1 billion in February, and year-to-date asset flows of $7.4 billion. eVestment expects this category to experience increasing inflows in 2015. Event-driven funds saw smaller inflows of $2.6 billion in February, with activist hedge funds accounting for nearly all of the strategy’s inflows during the month. Long/short equity strategies saw new allocations of around $790 million in February, but year-to-date net flows for the asset class remained negative, with $6.9 billion of redemptions as a result of outflows in January. Emerging market strategies had outflows again in February, following a bad month in January and marking the eighth consecutive month of negative investor sentiment towards emerging market hedge funds. eVestment says redemption pressures are not focused in any one country, indicating a general lack of demand for the group in the current environment. ©2015 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.