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Laxman Pai, Opalesque Asia: Despite investors withdrawing $1.2bn in capital in Q2 2018, performance has driven hedge fund industry assets under management (AUM) to a record high of $3.61tn as at June 2018.
According to Preqin Hedge Fund Spotlight, in Q2 2018, hedge funds recorded their first quarterly outflows since Q4 2016.
A press release from Preqin said that credit strategies attracted the greatest volume of inflows ($10.7bn) in Q2, helping to bring H1 2018 net asset flows to $18.5bn - the greatest of any top-level hedge fund strategy tracked by Preqin.
Event driven strategies closely followed with net asset flows of $9.2bn in Q2 2018; following these capital inflows, as well as consistent performance throughout the quarter, AUM for the strategy reached $217bn, marking an increase of 6.3% since the end of 2017.
North America - only region to generate net inflows
North America was the only region tracked by Preqin to generate net inflows in Q2 2018: fund managers based in the region attracted an influx of capital totalling $22.0bn, with 42% of North America-based fund managers witnessing inflows.
European outflows persisted for the second quarter of 2018, totalling $13.9bn for the year so far. In addition, only 26% of Europe-based funds recorded inflows during Q2, while 62% were subject to net outflows.
Asia-Pacific and Rest of World regions also recorded outflows amounting to $2.9bn and $16.2bn respectively.
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