Investors allocated an estimated net $6.3 billion into hedge funds in August, according to the latest asset flow report by eVestment. Inflows in August followed redemptions totaling $60.8 billion in June and July, the industry’s largest two-month span of outflows since April 2009. August inflows brought YTD flows to negative $51.8 billion. Performance was also accretive to total industry AUM in August, which now stands at $3.021 trillion.
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Some key findings in this report include:
- Despite two consecutive months, and three in the last four, of aggregate performance declines, commodity funds continued to be favored by investors, receiving their largest monthly inflow, $2.73B, since August 2009. August marked the sixth month in the last eight where investors added over $1B into commodity funds, on a net basis.
- Managed futures funds continue to be another aggregate bright spot for flows in 2016, at $4.17B in August and $20.31B YTD, however we continue to see dislocation from positive sentiment within the large, archetypal managed futures fund segment.
- China focused funds experienced another month of net redemptions in August, however reported data estimated outflows of $33.1M from the universe is the lightest level of redemptions this year.
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The report can be accessed here: Hedge Fund Industry Asset Flow Report – August 2016
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