Monday, July 12, 2010

 

Hedge Funds Post Inflow of $4.0 Billion in May; Only 19% of Hedge Fund Managers Bullish on S&P 500 According to Survey

New York, NY – July 12, 2010 – TrimTabs Investment Research and BarclayHedge reported that the hedge fund industry posted an estimated inflow of $4.0 billion, or 0.3% of assets, in May 2010, the third inflow in four months. But poor performance drove industry assets to $1.58 trillion in May from $1.61 trillion in April, the first decline since July 2009.

“Performance was poor in May,” said Sol Waksman, CEO of BarclayHedge. “Hedge funds posted a negative return of 3.2%, the worst since October 2008. But flow data won’t show a hit until June because most funds allow redemptions only on a quarterly basis.”

Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.

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