Hedge funds assets shrink amid investors withdraws, losses

Reuters

NEW YORK – Hedge funds assets fell below $4 trillion in June, dragged down by poor performance and investors’ withdraws, data provider HFR showed on Thursday.

Amid high volatile across markets, investors redeemed $27.5 billion of hedge funds between April and June, bringing total withdraws in the first half of the year to $7.7 billion. No hedge fund category lured fresh money from investors in the second quarter.

Total assets ended the second quarter at $3.8 trillion, down roughly 5% from March, it said, also battered by the funds performance. The fund weighted composite index is down 5.78% in the year, HFR said.

Only macro hedge funds, which trade a broad range of assets, such as bonds, currencies, rates, stocks and commodities, posted assets gains in the second quarter. Contrary to the industry average performance, they posted a positive return of 8.61% in the first half of the year.


(Reporting by Carolina Mandl in New York; Editing by Mark Porter)


tagreuters.com2022binary_LYNXMPEI6K0SJ-BASEIMAGE

You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.