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Matthias Knab, Opalesque for New Managers:

Aurum's H1 2024 hedge fund industry deep dive report is now available, providing insights and analysis on industry performance, asset flows and comparison between alt UCITS and hedge fund returns. Here's a brief summary:

Performance Overview:

The hedge fund industry achieved a notable 6.1% return in H1 2024, outperforming bonds (-3.2%) but trailing behind equities (+9.2%). The quant strategy emerged as the top performer, yielding an impressive 8.7%, a significant recovery from being the weakest strategy in 2023. Conversely, arbitrage was the least performing strategy, delivering a modest 2.1%, continuing its trend from the previous year.

Industry Trends and Asset Growth:

The hedge fund industry saw marginal growth in assets under management (AUM), primarily driven by positive performance (P&L). Despite overall growth, most strategies experienced negative net flows, except for multi-strategy and quant strategies. The total industry AUM reached just under $3 trillion, with a net positive performance contribution of $149.4 billion partially offset by $46.3 billion in outflows.

Strategy Performance Highlights: