Sunday, 4 October 2015
Last updated 1 day ago
Nov 22 2013 | 7:51am ET
Investors were still showing a lot of love for hedge funds in October, pouring an estimated $9.3 billion into the investment vehicles.
Performance gains of 1.74%—the best since December 2010—brought industry assets under management as of end-October to $2.8 trillion, reports eVestment.
Equity hedge funds attracted more investment than credit strategies for only the second month in 2013 and their year-to-date totals are now positive—their first year of positive flows since 2010.
Looking at the October flows by individual strategy, broad multi-strategy funds attracted the most money in October, at $5.34 billion, followed by long/short equity funds with $2.45 billion and event-driven funds with $1.10 billion.
No other strategy managed more than $1 billion, but market neutral funds were in the black, adding an additional $0.67 billion; as were directional credit funds ($0.59 billion); convertible arbitrage funds ($0.31 billion); relative value funds ($0.12 billion); and distressed funds ($0.04 billion).
The only strategies to lose assets in October were managed futures, down $1.45 billion, and MBS strategies, down $4.01 billion.
By region, European funds attracted $2.86 billion in October and Asian funds $0.50 billion while Americas funds lost $0.41 billion. Generally, global markets funds added $6.12 billion while emerging markets funds added $1.75 billion (completing a three-month string of inflows, a feat not seen since early 2010, said eVestment).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…