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Laxman Pai, Opalesque Asia: Hedge funds assets under management (AUM) grew to just shy of $4tn in Q4 2020, mainly driven by performance, said Preqin in its Fact Sheet.
AUM also rose $299bn from the end of Q3, marking 9.3% growth since the end of 2019 and reaching an all-time high of $3,995bn AUM also rose, to reach an all-time high of $3.995bn, it said.
The second consecutive quarter of inflows also contributed: the industry received $1.8bn from investors, bringing H2 2020 net flows to +$18.8bn. However this was not enough to counteract outflows in the first half of the year, and year-end outflows totaled $44.5bn.
According to the hedge fund asset flow data for Q4 2020, of top-level strategies tracked by Preqin, relative value strategies recorded the highest quarterly net inflow (+$9.0bn), bringing the full-year total to +$15.2bn.
The only other top-level strategies to receive net-positive inflows over 2020 were multi-strategy ($9.5bn) and equity strategies ($2.9bn).
Equity strategies AUM now totals $1,128bn, an 18.1% increase at the end of 2019 despite outflows in Q4 ($6.0bn). Credit strategies, event-driven strategies, and CTAs all experienced inflows during the final quarter, at $3.4bn, $2.1bn, and $0.3bn respectively.
Preqin said that Europe- and the Rest of World-based managers benefited from inflows of $28.3bn and $14.5bn respectively in Q4.
Asia-Pacific experienced incremental capital losses of -$0.4bn, but still had the highest net inflows o...................... To view our full article Click here
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