Hedge fund industry lures $3.6 billion in fresh money in Q2

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<span>© Reuters. FILE PHOTO: The City of London financial district in London, Britain, May 17, 2023. REUTERS/Toby Melville//File Photo</span><br />
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<p>NEW YORK (Reuters) – Investors poured $3.6 billion in fresh money into global hedge funds in the second quarter, data provider HFR said on Friday, helping drive the industry’s assets up.</p>
<p>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.</p>
<p>HFR said capital flew to large hedge funds, those managing over $5 billion. Smaller firms experienced an outflow.</p>
<p>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.</p>
<p>The last six years have been challenging for hedge funds, with outflows surpassing inflows for most of the period. </p>
<p>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.</p>
<p>Hedge funds rose on average 2.15% in the last quarter and 3.4% in the first half of the year. </p>
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<br /><a href="https://www.investing.com/news/stock-market-news/hedge-fund-industry-lures-36-billion-in-fresh-money-in-q2–hfr-3131415">Source link </a></p><p>The post <a href="https://forextraderhub.com/hedge-fund-industry-lures-3-6-billion-in-fresh-money-in-q2.html">Hedge fund industry lures $3.6 billion in fresh money in Q2</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>