Investors pulled $5.20 billion from the global hedge fund business in April, while industry AUM continued to rise to $3.624 trillion based on performance gains, according to the just-released April 2022 eVestment Hedge Fund Asset Flows Report.
The global hedge fund business continues to set, then break, new overall AUM records as investors pour more money into hedge funds and performance gains bolster industry AUM further.
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.
March quarterly flows for hedge funds stayed positive at +$17.68 billion, according to the just-released March 2021 eVestment Hedge Fund Asset Flows Report.