Hedge funds lure biggest inflow in seven years in first quarter, data provider says

Merchants work on the ground of the New York Inventory Change (NYSE) in New York Metropolis, U.S., January 25, 2022. REUTERS/Brendan McDermid/File Photograph

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NEW YORK, April 22 (Reuters) – Buyers poured $19.8 billion into hedge funds within the first quarter, the most important influx of cash because the second quarter of 2015, lured by positive aspects some funds are posting amid unstable markets, in response to knowledge supplier HFR.

Nearly $13 billion flew into event-driven hedge funds, primarily to particular state of affairs funds and distressed property, HFR mentioned.

Nonetheless, complete hedge fund capital remained roughly flat from December, at $4 trillion, as efficiency of fairness and event-driven funds was poor within the first quarter.

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Each methods pushed the business’s complete property down by $76.2 billion within the quarter, whereas macro and relative worth funds attracted $50.5 billion, HFR confirmed.

“Institutional buyers are more likely to proceed growing their dedication to funds combining efficient, volatility-positive, capital preservation with managers providing opportunistic publicity to rate of interest and inflation developments, with these successfully complementing present portfolio holdings and length,” mentioned Kenneth J. Heinz, president of HFR.

Document internet influx of cash occured regardless of hedge funds ending the primary quarter of this yr 0.78% down, the HFRI Fund Weighted Composite Index confirmed, however outperforming the S&P index, which declined 4.60%. learn extra

Macro hedge funds, nonetheless, which wager on macroeconomic developments, rose 6.8% within the quarter, as they navigated nicely amid extremely unstable markets.

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Reporting by Carolina Mandl; Enhancing by Toby Chopra

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