26 September 2017
Reporter: Jenna Lomax

Hedge funds see record-breaking returns, says eVestment

The global hedge fund industry achieved its highest ever month-end assets under management (AUM) total in August, according to a new report by software provider eVestment.

Investors added an estimated $13.4 billion to hedge funds in August, bringing in more money than was spent, which leading total AUM to $3.2 trillion.

Broken down by region, Europe-domiciled fund flows banked consistent positive returns in the past five months.

According to eVestment data European funds benefitted from a significant drop off in redemption pressures, allowing new inflow to lift AUM.

Total European hedge fund AUM reached $248.89 billion in August, compared to $926.82 billion in the US and $100.22 billion in Asia.

In its report, eVestment said: “While the year has mostly been positive for flows, and universally positive for returns, at least at the aggregate, asset-weighted level, some concern lingers from under performing segments that house many large products.”

“September will be a telling month for the remainder of the year, but for now industry participants should feel good, providing they are among the remaining.”

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