Sun, Aug 14, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Investors pull $4.18bn from global hedge fund business to kick off 2022

Monday, February 28, 2022
Opalesque Industry Update - Investors pulled -$4.18 billion from the global hedge fund business in January, starting 2022 on a slight down note for the business, according to the just released eVestment January 2022 Hedge Fund Asset Flows Report.

The outflows from the business come on top of January 2022's industry performance also being negative, at -1.74% as reported by eVestment earlier this month. With both investor redemptions and performance declines in January, hedge fund industry AUM stood at $3.570 trillion at the end of last month.

January outflow and performance figures might give investors and hedge fund professionals pause. But eVestment Global Head of Research and report author Peter Laurelli notes that with market volatility being driven in inflation, geo-political concerns and other economic challenges, one month of data is too little to make any predictions about how 2022 might pan out for the hedge fund business.

And, Laurelli notes, "The hedge fund industry has produced some of its most notable successes for investors in times of crises and stress. While no one hopes for difficult times, we are in one and it will be interesting to see how this industry reacts."

Multi-Strategy funds were the big asset winners among primary strategies eVestment tracks in January, pulling in +$4.08 billion. This comes on top of +$23.17 billion these funds pulled in during 2021. Inflows to these funds were concentrated, however. "Most of the net inflow went to very large products, with the vast majority going into a group where the average fund AUM was over $10 billion," said Laurelli.

Long/Short Equity funds were the big asset losers among the primary hedge fund strategies eVestment tracks, with investors pulling -$5.94 billion. This comes on top of -$16.48 billion investors pulled from these funds in 2021.

Macro hedge funds also saw big outflows in January, with investors pulling -$2.87 billion. These funds also ended 2021 on a down note, with investors pulling -$5.07 billion last year.

Managed Futures funds, which ended 2021 with +$12.98 billion in new money, managed to eke out a positive month in asset flows, with investors putting +$190 million in new money into these funds.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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