Mainstream Asset Managers Hold Steady As Hedge Fund Withdrawals Rise

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 from research analysts Michael Carrier, Adam Beatty and Jeffrey Ambrosi noted that...