Research

Asset Flows Update

Hedge funds largely protected investors from the equity market turmoil in August, posting flat returns of 0.02% during a volatile month that saw the S&P 500 decline 4.2%. Despite the relative outperformance, hedge fund industry AuM declined for the fifth consecutive month in August, falling $18.5bn, which extended the YTD decline to $146bn. North America accounted for the lion’s share of AuM decline as the region recorded net outflows of $10.1bn, driven by rising risk-off sentiment as inflation has remained rapid at 8.3% in August despite the Federal Reserve’s aggressive tightening.

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