Hedge fund investors added $5.7 billion into hedge funds in July. Performance gains added another $16.8 billion for the industry; eVestment reports that total industry assets under management now stand at $2.67 trillion.
A recent article from FINalternatives noted that macro funds rebounded from redemptions in May and June, as investors allocated a net $7.6 billion to these strategies. Other strategies, however, did record outflows for the month, including credit funds and multi-strategy funds.
The redemptions from certain strategies did not overturn the tide of allocations to the industry as a whole, showing the strength of the industry at the beginning of 2013’s third quarter. Learn more about this story online from Finalternatives.