Marking the fourth consecutive quarter of outflows, $22.1bn left the hedge fund industry in Q1 2019 - and yet, despite this net capital withdrawal, industry assets under management (AuM) grew by 3.3% to reach $3.56tn.

According to Preqin, despite only 37% of credit strategies funds recording inflows, the strategy attracted net inflows of $6.6bn in the quarter. <