The hedge fund industry returned to inflows in January bringing in USD11.29 billion in new assets, 0.24 per cent of hedge fund industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
The hedge fund industry returned to inflows in January bringing in USD11.29 billion in new assets, 0.24 per cent of hedge fund industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
Industry AUM was relatively flat month-over-month. It continued to hover around the USD4.80 Trillion mark. December 2021 outflows were followed by broadly felt pain in January, which resulted in roughly -USD117.92 billion in trading losses. This meant that even relatively enthusiastic subscription behaviour during the month could only partially backfill the losses.
Hedge fund sub-sectors were nearly evenly split between inflows and redemptions in January. On the inflow side of the ledger, Multi-Strategy funds led the way with USD9.19 billion in inflows, 1.86 per cent of assets. Emerging Markets – Asia funds attracted USD2.89 billion, 1.46 per cent of assets, Sector Specific funds brought in USD2.58 billion, 0.56 per cent of assets, Merger Arbitrage funds saw USD1.19 billion in inflows, 1.26 per cent of assets, and Equity Long Bias funds added USD1.09 billion, 0.29 per cent of assets.
Hedge fund sub-sectors experiencing monthly redemptions included Balanced (Stocks & Bonds) funds with USD2.43 billion in outflows, 0.32 per cent of assets, Emerging Markets – Global funds with USD1.76 billion in redemptions, 0.79 per cent of assets, Fixed Income funds shedding USD913.89 million, 0.09 per cent of assets, Equity Long-Only funds with USD837.37 million in outflows, 0.28 per cent of assets, and Macro funds with USD691.91 million in redemptions, 0.34 per cent of assets.
The managed futures industry posted its third consecutive month of redemptions in January with USD1.40 billion in outflows, though three of four CTA sub-sectors reported monthly inflows. Discretionary CTAs brought in USD139.99 million, 0.78 per cent of assets, Hybrid CTAs added USD103.59 million, 0.54 per cent of assets, and Multi Advisor Futures funds saw USD100.87 million in inflows, 0.78 per cent of assets.
Systematic CTAs were the lone managed futures sub-sector experiencing net redemptions in January with USD1.70 billion in outflows, 0.54 per cent of assets.
