In the week ending April 30th 2021, eVestment Hedge Fund Asset Flows Report revealed that hedge funds strong performance so far this year, which has sparked renewed interest in the business, has helped lifting total hedge fund business AUM to $3.417 trillion at the end of Q1. While investors pulled -$9.36 billion from hedge funds in March, quarterly flows for the business remained positive at +$17.68 billion.
Meanwhile, hedge fund managers ended month of March up 1.04% on an equal-weighted basis, and down 0.63% on an asset-weighted basis, said Eurekahedge. Global equity markets were supported by the implementation of the Biden administration s US$1.9 trillion economic stimulus package and the continued speedy rollout of vaccines.