Monday, 26 September 2016
Last updated 2 days ago
Jul 16 2014 | 1:32pm ET
Hedge funds took in more money in H1 2014—$99.7 billion—than in all of 2013, according to new data from eVestment.
In fact, investors poured more money ($65.3 billion) into equity strategies in H1 2014 than they put into all hedge funds in 2013 ($61.7 billion). Equity strategies now manage an estimated $997 billion.
Hedge fund assets under management reached $3.032 trillion in June, as investors added $6.1 billion for the month—below the previous four-month average of $22 billion.
Event-driven strategies led the pack in Q2, taking in $15.5 billion in new assets ($35.2 billion year to date), followed by long/short equity strategies with $10.8 billion ($36.1 billion YTD). Relative-value credit strategies attracted $7.46 billion in Q2 ($11.2 billion YTD).
Funds focused on the Americas pulled in $13.7 billion in the second quarter; followed by those focused on Europe, which attracted $9.0 billion. Emerging markets funds brought in $4.0 billion in Q2 while Asian funds saw outflows of $1.9 billion.