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Hedge fund withdrawals slow to $4bn in November

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Hedge fund withdrawals slowed significantly in November to an estimated $4bn from the $7.6bn seen in the previous month as customer interest rose to the highest level in 2023, according to a report by Reuters.

The report cites a report from Nasdaq eVestment as revealing that just over half of hedge funds reported net inflows in November, the highest monthly “win-rate value” seen this year, as institutions and family offices took money both in and out of the industry in almost equal measure.

The largest volumes of outflows and inflows were seen by managed futures funds, which trade trends in commodities, currencies and bonds, according to the report resulting in a net $620 million of outflows.

The highest number of outflows meanwhile, around $1,3bn over the month, came from stock pickers and multi-strategy funds that house different trading styles, while event-driven hedge funds and bond trading strategies saw inflows of $860m and $400m, respectively.

Total industry net outflows for the year to the end of November reached $79.48bn, according to the report.

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