Market Overview

The Largest Publicly Traded Hedge Fund Saw The Largest Inflows Since 2011

The Largest Publicly Traded Hedge Fund Saw The Largest Inflows Since 2011

Hedge funds have come under pressure as many investors found themselves paying a hefty fee for results that underperformed the overall market.

Hedge fund managers posted a mere 0.34-percent gain throughout March and a 2.29 percent return for the first quarter of 2017. By comparison, the MSCI AC World Index gained 0.79 percent in March and is higher by 5.06 percent during the firs quarter.

As such, many had assumed the only possible outcome would be investors pulling their cash from hedge funds but a recent earnings report from the world's largest public hedge funds calls this narrative into question.

Hedge Funds Can Still Generate Alpha

According to a Bloomberg report, Man Group PLC (LON: EMG) (OTC: MNGPY) (OTC: MNGPF), the world's largest publicly traded hedge fund manager, reported that its assets under management rose during its first quarter by $3 billion, which marks its biggest quarterly gain since the second quarter of 2011.

In fact, inflows during the first quarter marked a continuation of previous trends in which the firm's assets under management rose to a record of $88.7 billion at the end of December 2016.

Man Group's London-issued stock gained nearly 6 percent on Thursday on top of a 22 percent gain this year prior to the company's report.

Man Group's CEO Luke Ellis was quoted by Bloomberg as saying that the global environment has the "potential to create alpha opportunities and we see continuing near-term interest from clients."

Related Links:

Machine Learning And AI: New Report Shows 40% Of Hedge Funds Created Last Year Were Systematic

Transcending Speculation: Fr. Emmanuel Lemelson Parses High-Level Market Strategies

Posted-In: Hedge Fund Performance Hedge Funds Luke EllisNews Hedge Funds Movers Media General Best of Benzinga


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