Hedge funds see $16.3 billion March inflows, but inflows down 42% year-over-year in first quarter

By Paul A. Harris

St. Louis, May 9 - TrimTabs Investment Research and BarclayHedge reported Friday that all hedge funds posted an estimated inflow of $16.3 billion in March. That inflow was slightly below the inflow of $17.5 billion in February but well in excess of the $7.4 billion inflow in January.

"The rebound in hedge fund inflows is one more sign that investor confidence is being restored," TrimTabs chief operating officer Conrad Gann said. "Nevertheless, hedge fund inflows were down 42% year-over-year in the first quarter."

Breaking out March's $16.3 billion inflow, hedge funds received $4.3 billion directly, while funds of hedge funds took in about $12.0 billion. Hedge funds lost 2.5% in March, underperforming the S&P 500 for the first time in six months.

"Inflows into hedge funds probably remained weak in April," BarclayHedge chief executive officer Sol Waksman said. "Extreme market volatility and March's poor hedge fund performance will probably deter investors from putting lots of money to work in hedge funds."

The TrimTabs/BarclayHedge database tracks hedge fund flows on a monthly basis.

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