Hedge Fund AUM Hits $2.9T

May 15 2014 | 11:02am ET

Investors poured $17.9 billion into hedge funds in April, offsetting slight performance declnes to put total assets under management at $2.9 trillion—a level not seen since Q2 2008.

Year to date, investors have allocated $69.4 billion to hedge funds, according to new data from eVestment, far more than in the first four months of 2013 ($2.5 billion) and 2012 ($21.7 billion).

Equity strategies attracted $6.36 billion in April, bringing YTD inflows to $48.34 billion. Equity strategies now manage an estimated $948.5 billion, far below their all-time high of $1.08 trillion in Q4 2007.

Fixed-income/credit strategies pulled in $1.17 billion in April ($8.87 billion YTD). Credit AUM is an at an all-time high, having surpassed its pre-crisis peaks in 2010. Fixed income/credit strategies manage an estimated $952.8 billion.

Broad multi-strategy funds attracted $9.87 billion in April ($27.96 YTD) and now manage an estimated  $383.06 billion. Multi-strategy funds attracted the most new assets of any strategy in April.

Commodities strategies were the only losers, as investors pulled $84 million from them in April (bringing their YTD outflows to $1.85 billion).

In regional terms, Americas funds led, attracting $4.61 billion ($22.46 billion YTD), followed by European funds with $91 million ($15.76 billion YTD).

Asian and emerging markets funds saw outflows of $59 million and $1.77 billion, respectively, in April. Asian funds are still up $1.35 billion YTD while emerging market funds have seen YTD outflows of $10 million.


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