Money managers under the microscope
Weathering the storm
Interesting to see two fund firms still winning new business, in spite of recent market turbulence.
Both Polar Capital and BlueBay reported roughly $300 mln of net inflows in the last quarter, showing that despite a sharp sell-off in markets, there is still demand out there.
However, BlueBay’s figures show demand could be slowing down rapidly — the inflows are less than a tenth of the levels seen in each of the past four quarters.
Industry data for Q2 will give us a much better picture of how the industry is faring. In the meantime the message seems to be that clients are still buying funds but they’re getting nervous.