Opalesque Industry Update - Global hedge funds saw their fourth consecutive month of inflows, with $3.9bn in net capital inflows for the month of April. That brings year-to-date capital inflows to $22bn and marks the first time since March 2022 that 12-month rolling asset flows have been in positive territory. Long/short equity strategies saw the largest inflows in April. Performance Flat in April: Despite the broad market sell-off in April, hedge fund performance was largely flat for the month. Equity, digital assets, and macro funds saw the strongest performance in April, while CTAs, relative value, and fixed income/credit funds had the worst performance. CTAs and fixed income/credit funds also saw their first net outflows this year in April. Multi-Strategy Funds Court New Investment: Two-thirds of multi-strategy funds in the With Intelligence database have enjoyed net inflows this year, the highest rate among primary strategies.
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