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Alternative Market Briefing Weekly

Opalesque Roundup: Trading gain combined with new entrants push total hedge fund AUM to $5.14tn: hedge fund news, week 20

Friday, June 03, 2022

In the week ending June 3rd 2022, BarclayHedge said that hedge fund redemptions accelerated in March totalling -$35.37 billion (-0.70% of industry assets), according to its Barclay Fund Flow Indicator. An $18.24 billion trading gain for the month combined with new entrants to push total hedge fund industry assets to $5.14 trillion as March ended.

Meanwhile, according to eVestment data investors pulled $5.20 billion from the global hedge fund business in April, while industry AUM continued to rise to $3.624 trillion based on performance gains, said the just-released April 2022 eVestment Hedge Fund Asset Flows Report. While the small redemption environment and strong performance is generally a good sign for the hedge fund business, eVestment Global Head of Research Peter Laurelli notes one area of concern: increasing concentration among the funds gaining assets.

According to data from Hedge Fund Research 2022 has been a solid year for global macro funds. The category returned 10.3% in the first four months of the year, compared to the average hedge fund which returned 1.9%. Macro funds have seen a steady rebound as a rise in inflation, rates, and commodity prices have boosted funds that were on the right side of those trades. HFR data shows that over the first quarter, the rebound in performance had attracted $3 billion from new investors.

In new launches, Binance Labs, the venture capital and incubation arm of Binance, has raised $500 million to establish a fund that wi......................

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