Europe Hedge Fund Biz Big Winner in June Fund Asset Flows

24 Jul

Europe Hedge Fund Biz Big Winner in June Fund Asset Flows

Overall hedge fund flows for June were slightly negative at -$6.97 billion for June of this year, according to the just-released June 2017 eVestment Hedge Fund Asset Flows Report. Europe was a big winner in the hedge fund industry in June. Funds domiciled in Europe saw +$7.26 billion in inflows in June and funds with investments focused on Europe saw inflows of +$2.98 billion during the month.

For the second quarter, overall industry flows remained positive at +$7.54 billion and overall hedge fund industry AUM stood at $3.119 trillion as of June.

More than 50% of hedge funds saw positive flows during the month and redemptions were noticeably more concentrated than allocations, which indicates June’s redemptions were a result of elevated outflows from a limited number of products.

Some interesting points from the new report include:

  • Equity funds were big winners in June, with +$4.03 billion in inflows, while multi-asset funds saw big outflows of -$10.61 billion in June.
  • Among primary strategies, Long/Short Equity funds were leaders in inflows, with +$1.64 billion in new money. Directional Credit Funds, at +$1.35 billion and Market Neutral Equity Funds, at +$1.03 billion were also strong.
  • Macro funds were the big loser among primary strategies, with -$6.38 billion in outflows. Other big asset losers among primary strategies were Relative Value Credit Funds, at -$2.84 billion in outflows, and Managed Futures Funds, at -$1.40 billion in outflows.
  • Funds focused on the Americas and Asia saw outflows of -$1.7 billion and -$2.05 billion respectively.

To download a full copy of this report, please click here.