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Alternative Market Briefing

Investors withdraw $44bn from hedge funds but some strategies benefit from inflows

Monday, July 22, 2019

Laxman Pai, Opalesque Asia:

Investors pulled $16.43bn from the hedge fund industry in June, bringing year-to-date (YTD) outflows to -$44.61bn, said eVestment.

According to June 2019 eVestment Hedge Fund Asset Flows report, overall industry AUM stood at $3.273tn in June.

57% of reporting managers had net redemptions, and the month capped off the fifth consecutive quarter of industry redemptions in June, said the report.

However, that also means that in June 43% of managers had inflows or were flat.

For hedge funds managers, this highlights the importance of having a compelling marketing and investor relations message that highlights performance, expertise and other elements that set one fund apart from another.

And for investors, this highlights the importance of data and due diligence in the process of researching and selecting the right hedge funds.

Event Driven funds pulled in +$10.64bn by June

Event Driven funds were the big asset winners in June, bringing in +$1.89bn in June. YTD these funds have pulled in +$10.64bn, making them the asset flow leaders for the year as well.

Convertible Arbitrage funds eked out a positive month in June, pulling in +$300m last month, with asset flows of +$940m YTD. This would normally be unremarkable but for the sea of red among other primary strategies in June and so far this year, and for the fact that Convertible Arbitrage funds are among the smaller primary strategies, with $55.13bn in A......................

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