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Performance boosts hedge fund AUM as redemptions continue

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Investors continued to pull cash from hedge funds in August redeeming an estimated $6.10bn to extend the current run of overall withdrawals to 15 months, according to the latest Hedge Fund Industry Asset Flows Report from Nasdaq eVestment.

Despite the ongoing overall withdrawals, fixed income/credit funds saw a second consecutive month of inflows with investors adding net +$1.12bn, bringing overall YTD asset flows to -$3.65bn.

Last month’s most popular fund strategy, Managed Futures, meanwhile, saw withdrawals of $0.58bn, although the category overall remains the best performer of the year, with total inflows of $4.36bn. Equity strategies continued to struggle last month with -$3.51bn in withdrawals, taking YTD redemption to -$38.14bn.

Despite the overall negative asset flows though, performance gains saw total industry AUM grow in August by +$5.8bn to an estimated $3.468tn.

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