September hedge fund asset flows nearly flat for the year
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September hedge fund asset flows nearly flat for the year 23 October 2018New York Reporter: Brian Bollen
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Investors removed an estimated $14.7 billion from hedge funds in September pushing Q3 net flows into negative territory, according to the September 2018 eVestment Hedge Fund Asset Flows Report.
An estimated $5.71 billion left the industry in Q3.
Year-to-date net flows are essentially now flat with a very slight net $70 million inflow, said eVestment. Total industry assets sit at $3.3 trillion, it added.
Among primary strategies event-driven funds were a bright spot, with asset flows of $1.7 billion in September and $4.1 billion for Q3, it noted.
Event-driven funds, however, are still negative for the year, with year-to-date flows at minus $1.42 billion.
Three other primary strategies鈥攎arket neutral equity, convertible arbitrage and mortgage-backed securities鈥攚ere in the green for asset flows in September, although just barely.
Market neutral equity saw the most flows among the three at $300 million.
Long/short equity saw the biggest outflows among primary hedge fund strategies in September at minus $3.17 billion.
Among fund domiciles, eVestment said that Asia-based funds were the winners in asset flows in September, with flows of $690 million.
Funds based in Europe saw outflows of minus $4.85 billion in September.
Funds based in the Americas saw big outflows of minus $10.57 billion in September.
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