Hedge fund saw net outflows of $21 billion in September, more than twice the usual September average recorded between 2014 and 2021, according to the latest asset flows report from eVestment. September was also the fourth consecutive month negative hedge fund flows.
There report highlights that although 2022 started well in terms of inflows, by the end of Q3, net outflows reached $63 billion, putting 2022 on track for the second-largest annual net outflow since 2009.
The highest redemptions in September were from macro, long-short equity, and multi-strategy funds, with a total of $5.2 billion withdrawn from macro funds despite the strategy having generated positive returns so far this year. Long-short equity funds and multi-strategy funds each had a net outflow of approximately $3 billion over the month.
The only strategy to see positive inflows in September, was managed futures with $300 million in net inflows bringing YTD flows to $7.8 billion.