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In the week ending December 2nd 2022, Barclay Fund Flow Indicator revealed that for the 12-months through September, the hedge fund industry experienced $178.38 billion in redemptions (-3.93% of industry assets). A -$558.55 billion trading loss over the period dragged total industry assets down to the $4.71 trillion figure at the end of September, down from $4.96 trillion in August but up from $4.66 trillion a year earlier. Hedge fund redemptions grew in September to -$48.59 billion (-0.98% of industry assets), according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions. A -$185.16 billion trading loss during the month brought total hedge fund industry assets to $4.71 trillion as September ended.
Global macro, event-driven, and commodity hedge fund strategies had weighted average third-quarter returns of 4.1%, 3.7% and 3%, respectively, based on funds administered by Citco Group. Almost three-quarters, or 74%, of event-driven funds had a positive return. Multistrategy, fixed-income arbitrage and equities had negative returns. Overall, 50.8% of funds had a positive third-quarter return, up from 32.8% in the second quarter. Nonetheless, hedge funds had negative net flows for the quarter. Outflows were $39.4 billion vs. $30.4 billion of inflows.
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