Hedge funds attract $6.39bn of new capital to start 2021
Friday, February 26, 2021
Laxman Pai, Opalesque Asia:
Hedge funds attracted USD6.39 billion of new capital last month as investors piled into a wide variety of strategy types, particularly macro and managed futures, said eVestment.
According to the just-released eVestment January 2021 Hedge Fund Asset Flows Report, January inflows are not uncommon for the hedge fund business, as eVestment data going back to 2010 shows only four times (2015, 2016, 2017, and 2019) January saw negative flows.
However, coming off three consecutive years of annual outflows were almost $200 billion left the industry, January's positive number will be welcome news to many in the hedge fund business.