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Bailey McCann, Opalesque New York: Hedge funds are continuing to perform well and investors are rewarding them. According to the latest data from fund administrator Citco, hedge funds have posted seven consecutive quarters of positive returns and have had the first positive quarterly inflows since 2022.
Funds administered by Citco delivered a weighted average return of 1.09% in Q2, to take the overall weighted average return year-to-date (YTD) to 7.62%. Some 80% of funds have now achieved positive returns so far in 2024.
Global Macro and Equity funds stood out in Q2, with weighted average returns of 2.26% and 2.25%, to take their YTD performance to 7.45% and 10.86% respectively. Commodity, Fixed Income Arbitrage and Multi-Strategy funds were also positive in Q2, with weighted average returns of 1%, 0.53% and 0.09%. This took YTD returns for Commodities to 3.66%, with Fixed Income Arbitrage at 0.8%, and Multi-Strategy at 5.93%.
In Q2, hedge funds saw their first quarterly net inflows since the start of 2022, with inflows in April and May outweighing June's redemptions. In total, hedge funds had net inflows of $4.7B in Q2, with subscriptions of $50.3B outweighing redemptions of $45.6B. This was driven by net inflows of $6.6B and $7.1B in April and May respectively, which more than countered June's redemptions of $8.9B.
The outliers in Q2 were Event Driven funds. In the second quarter the funds saw a
weighted average return of -0.24%, to leave them wit...................... To view our full article Click here
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