eVestment: Investors Pull $10B From HFs In June

Jul 19 2013 | 8:45am ET

Investors pulled $10.1 billion from hedge funds in June, as outflows and performance reduced overall industry assets under management by 2.5% to $2.66 trillion, reports eVestment.

The high June withdrawals resulted in negative flows for the second quarter, during which investors withdrew $4.3 billion. Year-to-date, hedge funds have seen inflows of $1.7 billion, the second-slowest H1 growth in the last 10 years.

Macro strategies, which lost $8.87 billion in June, were the primary cause of the high June outflows. Long/short equity funds saw the next-highest redemptions, at $4.79 billion.

Managed futures funds lost another $1.46 billion in June. They have seen the biggest outflows year to date, at $20.10 billion, followed by macro strategies, which have lost $14.14 billion.

Credit strategies remain the preferred investment in the hedge fund space, said eVestment, pulling in $9.2 billion in June, $22.4 billion in Q2 and $48.2 billion YTD. But while smiling on credit strategies generally in June, investors pulled $2.24 billion from mortgage-backed securities strategies.

Equities strategies lost $6.3 billion in June, bringing their YTD outflows to $13.3 billion.

Commodities strategies gained $29 million in June, which is low, but still better than the previous four quarters which saw $4.0 billion flow out of these funds.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…