Mainstream Asset Managers Hold Steady As Hedge Fund Withdrawals Rise

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Mark Melin
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As hedge fund withdrawals continue amid under-performance relative to the stock market, with JPMorgan predicting pain in on the way. Despite this, a Bank of America Merrill Lynch shows mainstream asset managers holding steady in April. The news comes as intensive pressure is being applied to pension fund managers to explain their logic for hedge fund allocations. Publicly traded asset managers see assets hold steady due to market rise, slight outflows evident Public managers had slight overall asset growth in April, due in part to a reversal in the stock market, but overall many managers had investor outflows. The May 12 report…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.