Hedge Funds Record Net Outflows Of $2.9B In October

Nov 19 2014 | 3:38pm ET

Hedge funds saw net outflows for a second consecutive month in October, bidding farewell to $2.9 billion.

The industry hasn't recorded two consecutive months of outflows since the 2012 European sovereign crisis, said data provider eVestment.

Broad multi-strategy funds saw net inflows of $3.95 billion in October, followed by distressed funds with $1.04 billion, market neutral equity funds with $0.89 billion and event-driven funds with $0.48 billion.

Most of the strategies tracked by eVestment saw net outflows in October, led by macro funds, which lost $3.35 billion; managed futures, $2.77 billion; relative-value credit, $1.39 billion; long/short equity, $1.39 billion; MBS strategies, $0.47 billion; directional credit strategies, $0.44 billion; and convertible arbitrage strategies, $0.17 billion.

In regional terms, Americas funds saw net outflows of $3.21 billion and emerging markets funds lost $0.40 billion in October. Europe funds, on the other hand, registered net inflows of $1.46 billion and Asia funds took in a net $0.92 billion.


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