Hedge Fund asset flows ‘barely positive’ for April
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Hedge Fund asset flows ‘barely positive’ for April 23 May 2018London Reporter: Maddie Saghir
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Hedge fund asset flows are ‘barely positive’ and the majority of managers are seeing small outflows, according to eVestment’s April hedge fund asset flows report.
Almost 63 percent of reporting managers faced some level of net outflow in April, the most elevated level seen since October 2016.
However, these outflows were generally small and outweighed by new funds coming into the industry, the report says.
Additionally, investor flows were found to be near flat but positive in April. Allocations were estimated at $1.78 billion during the month, and $13.67 billion for the year.
The report also found that despite broad redemption pressures, few funds lost few assets. Fewer than 20 percent of managers lost greater than 2 percent of their assets under management (AUM) from outflows in April, which is below the 18-month average.
Among primary strategies, Marco funds were +$3.23 billion, whilst directional credit funds were +$2.89 billion, bringing year-to-date flows to $8.21 billion, according to the April report.
Other key findings included managed futures funds seeing the biggest outflows among primary strategies at -$1.79 billion. Event-driven funds also lost AUM, down -$1.63 billion in April and -$5.23 billion year to date.
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