Tuesday, August 10, 2010
Hedge Funds Post Outflow of $3.7 Billion in June 2010; Hedge Fund Managers More Upbeat on S&P 500 and Less Bullish on U.S. Dollar According to Survey
New York, NY – August 9, 2010 – TrimTabs Investment Research and BarclayHedge reported that the hedge fund industry posted an estimated outflow of $3.7 billion, or 0.2% of assets, in June 2010, following an inflow of $4.9 billion in May and an outflow of $2.5 billion in April. The industry posted negative returns of 3.2% in May and 1.1% in June, the first two-month losing streak since January and February 2009.
“Redemptions probably persisted through July, and they could pepper the remainder of the year,” said Sol Waksman, founder and president of BarclayHedge. “Even if performance hadn’t been poor in May and June, July is historically one of the worst months of the year for fund subscriptions, and seasonality will be working against inflows through December.”
Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.
Copyright © 2010 by Barclay Hedge
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