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Alternative Market Briefing Weekly

Opalesque Roundup: Global hedge fund industry hits a new record AUM: hedge fund news, week 25

Saturday, June 26, 2021

In the week ending June 25th 2021, eVestment's May 2021 Hedge Fund Asset Flows report said that nearly half-way through 2021, the global hedge fund business continues to see strong performance and asset flows, with performance gains and new money boosting the industry to a new record $3.57 trillion AUM. May's hedge fund performance average of +1.48% brought year-to-date (YTD) hedge fund average performance to +9.05%, just two digits shy of the +11.05% industry average for all of 2020. Barring any major unforeseen market, natural or geo-political disasters - or pandemics - the hedge fund business this year is poised to outperform 2020 by a wide margin.

Net inflows of $23.3 billion in April 2021 signaled a continued vote of investor confidence in the hedge fund industry. This result represented an increase in industry AUM of .6% on the month and built momentum on the previous month's $19.1 billion increase in hedge fund assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions. Industry trading profits exceeded $55.5 billion in April and carried the industry's aggregate AUM figure past the $4.18 trillion mark.

Meanwhile, HFM reports that assets managed by America's Billion Dollar Club (BDC) of leading firms hit a record high as the industry navigated the global pandemic and rebounded in the second half of last year. BDC membership and assets fell in the first six months of 2020 but both rose in the second half, with assets increasing by 7.6% from $1.83trn at mid-year to $1.97trn as of year-end. BDC membership in the ......................

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