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Hedge Funds Log 4th Consecutive Month of Inflows in April

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HFA Staff
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Hedge Funds
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A special report from With Intelligence, which tracks key hedge fund performance data - total assets, fund flows, performance, fee distribution - across the global hedge fund universe. With Intelligence typically publishes this information quarterly, but, given the widespread volatility they saw in April, they wanted to provide a monthly update to show how funds weathered the storm.

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Here are some of the highlights:

Hedge Funds See Net Capital Inflows of $3.9bn in April

Global hedge funds saw their fourth consecutive month of inflows, with $3.9bn in net capital inflows for the month of April. That brings year-to-date capital inflows to $22bn and marks the first time since March 2022 that 12-month rolling asset flows have been in positive territory. Long/short equity strategies saw the largest inflows in April.

Performance Flat in April

Despite the broad market sell-off in April, hedge fund performance was largely flat for the month. Equity, digital assets, and macro funds saw the strongest performance in April, while CTAs, relative value, and fixed income/credit funds had the worst performance. CTAs and fixed income/credit funds also saw their first net outflows this year in April.

Multi-Strategy Funds Court New Investment

Two-thirds of multi-strategy funds in the With Intelligence database have enjoyed net inflows this year, the highest rate among primary strategies.

Performance:

Hedge Fund Performance - Monthly (%)

Hedge Fund Performance - Quarterly (%)

Flows:

Hedge fund flows - Monthly ($bn)

Hedge fund flows - Quarterly ($bn)

Fee distribution

Fee distribution

HWM funds

HWM funds

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.