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In the week ending June 26th 2020, a report by eVestment said that investor flows were near flat in May, with net inflows of an estimated $1.71 billion into hedge funds. Total estimated industry assets rose again due to performance gains as AUM sits near $3.05 trillion. The COVID-19 pandemic's considerable impact on hedge fund redemptions continued in April as the industry experienced $38.1 billion in outflows. While a sizable sum, the net redemption total was less than half of March's $85.6 billion redemption total. April's redemptions represented 1.3% of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge Lyxor Peer Groups suggest hedge fund performance was flat mid-June. Equity-related strategies underperformed and CTA/ Market Neutral L/S outperformed due to the brief risk-off episode on June 11 when the S&P 500 fell -5.9% in a day. "On a month-to-date basis, L/S Credit strategies were up by +2.2%. This is a strategy that we upgraded to Overweight on the back of its attractive risk/ return profile at this stage of the business cycle," Lyxor said. In new launches, Boston-based Global Infrastructure Finance has launched its debut infrastructure finance fund; BNP Paribas Asset Management has raised more than €570m ($647m) for the final close of its second Euro SME Debt Fun...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, June 27, 2020
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