Hedge Fund Inflows Positive In February
Hedge funds enjoyed net positive inflows of investor capital in February, adding $14.78bn to January's approximately $7bn for year to date inflows of +$21.96bn, according to new data from eVestment. Negative aggregate returns, however, pushed overall hedge fund industry AUM down -1.95% to $3,245trn.
Multi-strategy and Long/short equity were the primay contributors to February's inflows, at +$6.42 and +$5.04bn respectively. Market neutral and Macro were the only two primary categories seeing outlfows in February, the former down -$0.32bn and the latter down -$5.49bn,
eVestment Global Head of Research Peter Laurelli said the dramatic disruptions in world economies as a result of the Coronavirus make it hard to discern real patterns or make predictions for the rest of the year – or even the rest of the quarter – given how much has changed in a few weeks.
“Having written about flow themes for several years, it becomes second nature to recognize patterns and attempt to put them in perspective,” he says. “When the world shifts so significantly as it has in March, there is little historical perspective to try and understand what happens next.”
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