Wed, Nov 11, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Hedge fund industry sees 6th consecutive quarter of outflows

Thursday, October 24, 2019
Opalesque Industry Update - Investors redeemed at estimated $12.11 billion from the global hedge fund industry in September 2019, bringing year to date (YTD) flows to -$76.86 billion, according to the just-released September 2019 eVestment Hedge Fund Asset Flows Report.

The total Q3 2019 outflows of -$29.37 billion marked the sixth consecutive quarterly outflow for the industry.

Total hedge fund industry AUM stood at $3.266 trillion at the end of September, according to the new report.

Among primary hedge fund strategies, the best asset flows news was among Relative Value Credit funds, which pulled in +$2.78 billion in September, and Managed Futures funds, which pulled in +$2.35 billion in September.

And while Relative Value Credit funds are just barely in the green for asset flows this year, Managed Futures funds are deeply in the red at -$8.68 billion for 2019, which follows on a large -$19.33 billion outflow in 2018.

While Event Driven funds barely eked out positive asset flows in September, with investors adding +$830 million to these funds, they've been big asset flow winners for the year, pulling in +$13.26 billion in new money.

MBS Strategies were also just barely in the green for asset flows in September, pulling in +$110 million and enjoying YTD flows of +$6.43 billion.

Long/Short Equity funds were the big asset losers among primary strategies in September, seeing outflows of -$5.73 billion last month. These funds are also deeply in the red for the year, with investors removing -$36.39 billion YTD. Although with AUM at $760.64 billion, they're the largest primary strategy eVestment tracks.

Multi-Strategy funds also saw elevated outflows in September at -$5.56 billion.

With hedge fund performance being largely positive so far this year, eVestment Global Head of Research Peter Laurelli sees these asset flow trends as pointing to potential consolidation in the industry. He notes that while on average the outflows look daunting, many funds that are performing well are finding investors willing to invest new money.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: DACH institutions push alternatives to 32.3% of portfolios as hedge funds make a comeback[more]

    Matthias Knab, Opalesque for New Managers: Institutional investors in Germany, Austria and Switzerland now hold almost a third of their portfolios in alternative investments, and they are more confident than ever in

  2. KRX chief courts CalPERS for bigger bet on Korea[more]

    Korea Exchange Chairman and CEO Jeong Eun-bo held talks with California Public Employees' Retirement System, or CalPERS, to promote greater investment in South Korea's capital markets, the bourse operator announced Wednesday. Jeong met with CalPERS Chief Investment Officer Stephen Gilmore.

  3. 755 Unicorns, $8 Trillion: Fifth Era maps the autonomous digital economy[more]

    Matthias Knab, Opalesque for New Managers: Fifth Era Partners, a specialized asset manager focused on the convergence of Internet, AI/Agentic and Blockchain technologies, has released the findings of its 13th Bia

  4. Opalesque Exclusive: "Enough beta plays" - how Fasanara builds an alpha-only multi-strategy platform[more]

    Matthias Knab, Opalesque for New Managers: Most multi-strategy funds promise diversification. Fewer can explain why their return streams should stay independent when markets turn. In an Opalesque SkillsLab investor

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m