Positive returns boost hedge funds’ AuM to all-time high

Assets riseHedge fund industry assets under management (AuM) continue to hit record highs, driven in September by strong performance, according to research.

According to eVestment’s third quarter Hedge Fund Asset Flows Report, investor redemptions of $2.5 billion (€2.1 billion) in September were offset by performance gains, which brought overall industry AuM to $3.205 trillion.

Among primary strategies, long/short equity funds were winners, with AuM up $6.25 billion.

Also in positive territory for September among primary strategies were directional credit funds and market neutral equity funds.

Macro funds were hit hard in September, with 61% of them seeing redemptions and AuM down $3.51 billion for the month. Macro funds were still in positive territory for the year, however, with AuM up $14.92 billion.

In terms of firm domicile, European funds were big winners in September, with AuM up $3.39 billion.

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