The global hedge fund business is continuing to set new AUM records, reaching $3.662 trillion in August 2021, according to a report by Nasdaq-owned eVestment.
The August eVestment Hedge Fund Asset Flows Report showed that investors added $12.03 billion to hedge funds in August. Year-to-date inflows were at $38.28 billion, which combined with performance gains meant the overall hedge fund business reached $3.622 trillion in value.
“This year has been a good one for hedge fund AUM growth, and August net flows and performance continued the trend,” said eVestment Global Head of Research and report author Peter Laurelli.
“Inflows were well distributed, with about 57 percent of managers reporting to eVestment seeing inflows and overall, there are many underlying metrics of hedge fund industry health.”
Out of the primary strategies tracked, the multi-strategy hedge funds were the big asset winners in August, pulling in $3.70 billion in new investor money.
This brings these funds’ YTD inflows to $23.62 billion, making them the top asset gainer among primary strategies in 2021. However, only 47 percent of multi-strategy funds, reporting to eVestment saw inflows, the report said.
Macro hedge funds were the big asset losers in August, with investors pulling $1.35 billion from these funds.
This continues a trend of unstable asset flows in this space during 2021, which has seen Macro being net positive and negative for monthly flows at different times throughout the year, said eVestment.
(Reporting by Imogen Lillywhite; editing by Seban Scaria)
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