This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ6K0PE_L.jpg
In the first half of the year, the industry lured $12.64 billion, HFR showed. The positive net money inflow so far this year comes after investors redeemed $55.4 billion from funds last year.
HFR said capital flew to large hedge funds, those managing over $5 billion. Smaller firms experienced an outflow.
Equity hedge funds led the inflow in the second quarter of the year, adding $2.8 billion in new money, followed by event-driven funds.
The last six years have been challenging for hedge funds, with outflows surpassing inflows for most of the period.
Hedge funds ended June with $3.95 trillion in assets, up 1.8% from March. Growth was mainly driven by the funds’ performance in the second quarter, HFR showed.
Hedge funds rose on average 2.15% in the last quarter and 3.4% in the first half of the year.
