Despite investors withdrawing $1.2bn in capital in Q2 2018, performance has driven hedge fund industry assets under management (AUM) to a record high of $3.61tn as at June 2018.

According to Preqin Hedge Fund Spotlight, in Q2 2018, hedge funds recorded their first quarterly outflows since Q4 2016.

A press release from Preqin said that credit strategies attrac