Managed Futures

Hedge Fund Assets Up In August, But EM Funds’ Struggle

Global hedge fund asset flows were just slightly positive in August 2018, with $4.74 billion added to the $3.3 trillion-plus industry, according to the August 2018 eVestment Hedge Fund Asset Flows Report. Year to date (YTD) net flows to the industry stand at $15.38 billion, according to the new report.

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Managed Futures

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Asset flows in August were more widely dispersed across funds and strategies than in the past months. If the trend continues, that would ameliorate some concerns about industry consolidation eVestment data indicated in previous reports, which showed a minority of funds getting the majority of new money.

Some other interesting points from the latest report include:

  • In spite of performance declines during the year, investors have resumed allocating to Macro hedge fund strategies, adding +$3.53 billion to Macro funds in August. YTD Macro funds have seen assets increase +$15.20.
  • Event Driven funds were also big asset winners in August, bringing in an additional +$2.84 billion. And while Event Driven funds are positive for the past three months as well, they’re in negative territory to the tune of -$3.12 billion for the year.
  • Among primary strategies, only Directional Credit funds and Managed Futures funds saw AUM drop in August, with investors pulling -$460 million and -$2.97 billion respectively.
  • Reflecting the challenges facing Emerging Markets, nearly 70% of EM managers saw outflows in August with the overall segment seeing flows of -$540 million. And nearly 60% of EM managers have YTD net outflows.

To download a full copy of the report, please click here.

Article by eVestment

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