Pubblicato in: Devoluzione socialismo, Finanza e Sistema Bancario, Stati Uniti

Hedge Fund. 2022-H1. Hanno subito deflussi per 49.2 miliardi di Usd.

Giuseppe Sandro Mela.

2022-10-09.

denaro-in-fuga-001

«$49.2 billion in total for the first half of 2022.»

«49.2 miliardi di dollari in totale per la prima metà del 2022»

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Gli investitori hanno ritirato 32 miliardi di dollari dagli hedge fund nel secondo trimestre del 2022, spaventati dall’inflazione, dalle tensioni geopolitiche e dalla guerra in Ucraina. I deflussi sono stati i più consistenti che l’industria degli hedge fund da 4.1 trilioni di dollari abbia visto dall’inizio della pandemia di coronavirus nel primo trimestre del 2020. I ribassi potrebbero continuare con il continuo aumento dei tassi da parte delle banche centrali.

Nel frattempo, un’impennata dei rendimenti dei titoli di Stato del Regno Unito ha colpito i fondi pensione britannici, costringendo alcuni a cercare fondi di emergenza presso le società per le quali gestiscono il denaro. I prezzi delle obbligazioni scendono quando i rendimenti aumentano.

I rendimenti sono scesi dell’8.82% negli hedge fund focalizzati sul Nord America, mentre le loro controparti europee sono andate leggermente meglio con cali del 5.78%. I rendimenti dei fondi focalizzati sulla regione Asia-Pacifico sono scesi del 4.45%. Tuttavia, la maggior parte dei deflussi ha riguardato gli hedge fund focalizzati sull’Europa, che hanno registrato 28.4 miliardi di dollari nel secondo trimestre e 49.2 miliardi di dollari in totale per la prima metà del 2022.

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«Investors pulled $32 billion from hedge funds in the second quarter of 2022, spooked by inflation, geopolitical tensions and the war in Ukraine. The outflows were the largest that the $4.1 trillion hedge fund industry had seen since the start of the coronavirus pandemic in the first quarter of 2020. The declines may continue as central banks continue to raise rates»

«Meanwhile, a surge in U.K. government bond yields hit British pension funds, forcing some to seek emergency funds from the companies for which they manage money. Bond prices fall when yields rise.»

«Returns fell 8.82% in North American-focused hedge funds whereas their European counterparts fared slightly better with 5.78% declines. Funds’ returns focused in the Asian Pacific Region fell 4.45%. Still, most of the outflows were from European-focused hedge funds, which saw $28.4 billion in the second quarter and $49.2 billion in total for the first half of 2022.»

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Hedge funds suffer $32 bln of outflows in Q2 -data

Oct 5 (Reuters) – Investors pulled $32 billion from hedge funds in the second quarter of 2022, spooked by inflation, geopolitical tensions and the war in Ukraine, according to a report from data provider Preqin.

The outflows were the largest that the $4.1 trillion hedge fund industry had seen since the start of the coronavirus pandemic in the first quarter of 2020.

The declines may continue as central banks continue to raise rates, Preqin said.

In September, central banks in North America and Europe increased interest rates in order to curb inflation. Meanwhile, a surge in U.K. government bond yields hit British pension funds, forcing some to seek emergency funds from the companies for which they manage money. Bond prices fall when yields rise.

Global uncertainty put significant pressure on markets and forced investors to revisit their allocations, the report said.

Lacklustre second quarter returns have not encouraged investors to stay, either. Returns fell 8.82% in North American-focused hedge funds whereas their European counterparts fared slightly better with 5.78% declines. Funds’ returns focused in the Asian Pacific Region fell 4.45%.

Still, most of the outflows were from European-focused hedge funds, which saw $28.4 billion in the second quarter and $49.2 billion in total for the first half of 2022.

Longer term performance trends in Europe also lagged behind peers in the United States and the Asia-Pacific (APAC) region.

In the last five years and including the first half of 2022, funds focused on the U.S. and APAC returned 8.55% and 6.90%, respectively but European focused hedge funds only managed 3.5%, the report said.

Now that market stress has returned, hedge funds are poised to do their best particularly those which use strategies which make use of macro-economic indicators to trade trends in the markets, the report said.

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