|
Bailey McCann, Opalesque New York: Hedge fund performance dipped slightly in July, the first blip in an otherwise positive year for the asset class, according to the latest data from fund administrator Citco.
Event driven funds were the top performers in July with a weighted
average return of 2.7%. Fixed income arbitrage and global macro funds followed close behind with a weighted average return
of 1.4% and 1.3% respectively. Meanwhile, equities saw more muted
returns at 0.6%.
The only
strategy in negative territory for the month was Commodities at -1.7%.
On an Assets under Administration (AUA) basis, the majority of AUA
buckets were positive, with only funds between $200-500m experiencing
a negative weighted return at -0.1%.
Despite the drop in performance, investors are pivoting back to hedge funds and putting capital into most major strategies. Overall, there was $16.4bn
of subscriptions and $6.1bn of redemptions, resulting in net inflow of $10.3bn, Citco's data shows. Year to date capital flows are also positive at $29.7bn. Multi-Strategy funds took further net inflows in July at $8.9bn, taking their year to date tally to $25.3bn of net inflows - ahead of all other
strategy types.
On an AUA basis, the current trend of inflows into larger funds continued, as funds with more than $10bn+ of AUA had net inflows of $6.9bn
in July, taking them to $27.7bn of net inflows year to date. ...................... To view our full article Click here
|
RSS
