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In the week ending September 25th 2020, a survey said that hedge funds in Asia have continued to increase their headcount and still have an appetite to hire more talent despite the economic uncertainty brought about by COVID-19. The coronavirus pandemic saw Asia hedge funds promote work-life balance and invest in IT infrastructure, it added.

Meanwhile, August was a positive month for hedge funds. The Preqin All-Strategies Hedge Fund benchmark gained 2.64%, building upon July's return of +3.29%. The 2020 YTD return rose to +5.60%, and the 12-month figure moved almost into double digits (+9.20%). All top-level strategies tracked by Preqin made gains in August, with equity and event driven strategies the best performers at +3.54% and +3.16% respectively.

In the meantime, hedge funds experienced a second straight month of inflows in July, bringing in $10.5 billion as the industry continued to shake off spring's pandemic-driven redemption trend. July's new assets built on June's $15.1 billion in inflows. July's inflows represented 0.3% of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.

However, after a four-month string of asset outflows from hedge funds in March through June, hedge funds continued in asset-recovery mode in August, with investors adding $7.36 billion to the industry last month, according to the just-released August 2020 eVestment Hedge Fund Asset Flows Report. This follows on more tha......................

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