Hedge funds have started the new year with a bout of the January blues, as investors get their books in order to start afresh in 2012, after last year's rollercoaster ride, Reuters reports the data showed on Wednesday.
The GlobeOp Capital Movement Index, which tracks monthly net subscriptions to and redemptions from hedge funds managing around $170 billion of assets, declined 0.88 points to 140.18 this month. GlobeOp CEO Hans Hufschmid attributed the decline to typical changes in investor strategy at the start of a new year and said historically the figures were encouraging.
"In line with year-end portfolio rebalancing, January net capital flows were negative," said Hufschmid. "The net figures were therefore not unexpected. Interestingly, January's inflows were the highest in 12 months; outflows were the second lowest in seven years."
Hedge funds saw an exit of money in the month to Jan 1, with gross outflows rising to 4.84 percent, more than double the 1.92 percent rise a month earlier…
Read more at http://www.reuters.com/article/2012/01/11/hedge-funds-outflows-idUSL6E8CB52E20120111
No comments:
Post a Comment