Gross inflows of US$15 billion in April, up from US$12 billion1 and US$4 billion1 in March and February respectively. Net redemptions of US$25 billion, down from a monthly average of US$65 billion for the preceding six months, bringing industry assets to US$1.3 trillion. Hedge funds up 3.9% YTD, while the DJIA is down 6.9% as at end April.
Highlights of hedge fund performance and asset flows for the month are as follows: