Friday, October 9, 2009
Are We There Yet? How Many Hedge Funds Are Reaching New High Water Marks?
The topical study from the October 2009 issue of The Hedge Fund Flow Report. Gain insight into industry trends and hedge fund asset flows before you make your next important decision.
In March, we predicted that hedge fund revenues would drop 67% in 2009 because hedge funds were far off their high water marks. The recent rally has made our estimate too conservative. It seems that the industry has almost climbed back to its pre-Lehman levels.
In this study, we find that:
Hedge funds are now only 8.9% off their high water mark compared to a 17.2% gap in November 2008.
A robust 22.2% of hedge funds reached new high water marks in August, but more than half of the industry is still “working for free (other than the usual management fee).”
Relatively few hedge funds are at high water marks despite the industry’s record run in the past six months, because the biggest winners this year were last year’s biggest losers. . . .
Accredited investors can read the entire article for free.
From the October 2009 issue of The Hedge Fund Flow Report. The Hedge Fund Flow Report combines the accuracy of the BarclayHedge database with the analytical insight of TrimTabs Investment Research. The report is generated by TrimTabs Investment Research using the most current data on thousands of hedge funds. An annual subscription includes 12 monthly updates as well as a spreadsheet containing historical flow aggregates by category.
To download a free sample of the entire TrimTabs Hedge Fund Flow Report, simply fill out this short request form.
In March, we predicted that hedge fund revenues would drop 67% in 2009 because hedge funds were far off their high water marks. The recent rally has made our estimate too conservative. It seems that the industry has almost climbed back to its pre-Lehman levels.
In this study, we find that:
Hedge funds are now only 8.9% off their high water mark compared to a 17.2% gap in November 2008.
A robust 22.2% of hedge funds reached new high water marks in August, but more than half of the industry is still “working for free (other than the usual management fee).”
Relatively few hedge funds are at high water marks despite the industry’s record run in the past six months, because the biggest winners this year were last year’s biggest losers. . . .
Accredited investors can read the entire article for free.
From the October 2009 issue of The Hedge Fund Flow Report. The Hedge Fund Flow Report combines the accuracy of the BarclayHedge database with the analytical insight of TrimTabs Investment Research. The report is generated by TrimTabs Investment Research using the most current data on thousands of hedge funds. An annual subscription includes 12 monthly updates as well as a spreadsheet containing historical flow aggregates by category.
To download a free sample of the entire TrimTabs Hedge Fund Flow Report, simply fill out this short request form.
Labels: CTA, Hedge Fund Flow Topical Study, hedge funds
Copyright © 2010 by Barclay Hedge
Subscribe to Posts [Atom]