Mon, Aug 15, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Opalesque Roundup: Hedge fund AUM declines as investors pull out $11bn in June: hedge fund news, week 30

Saturday, July 31, 2021

In the week ending July 30th 2021, eVestment said that investors removed an estimated net $10.99 billion from hedge funds in June, reducing 2021 net inflow to $28.69 billion. Asset-weighted returns were near flat resulting in overall industry AUM declining slightly to $3.55 trillion. Net outflows returned to the hedge fund industry for only the second month in 2021 (March/June), but the data does not paint a negative portrait overall.

According to Eurekahedge, hedge fund managers ended the month of June up 0.25% on an equal-weighted basis, and down 0.90% on an asset-weighted basis. The progressive relaxation of Covid-related mobility restrictions in most developed markets provided support to the reopening of their economies, benefitting the global equity market as represented by the MSCI ACWI (Local) which gained 1.93% in June.

Meanwhile, L/S equity hedge funds lost momentum in June as performance gains decelerated and flows took a dramatic swing into negative territory. HFM's L/SEquity Composite returned 0.8% last month, above the 0.4% June gain for HFM's Global Composite Index, but below each of the L/S equity index's five monthly returns in 2021.

In new launches, hedge fund veteran Anne Dias is planning to manage outside money again. Dias, 50, began fundraising last month for a long-short strategy to be managed by her Aragon Global Management; Chicago-based Pritzker Private Capital has closed its latest investment vehicle PPC......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  2. Alts managers sitting on over $2.5tn+ of dry powder[more]

    Laxman Pai, Opalesque Asia: In the current rising interest rate environment, investment activity in the private markets has continued to grow, revealed a study. "With alts managers sitting on over $2.5T+ of dry powder and continuing to enjoy premium valuations and interest rates on a prec

  3. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  4. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  5. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: https://bit.ly/DXCInfo Castle Hall, the Du