Global macro hedge fund strategies and hybrid funds bucked the redemption trend, with respective net subscriptions of $100 million and $1.7 billion in September, according to administration firm Citco.
Equity and multi-strategy funds took the brunt of the outflows with over $9 billion in redemptions combined.
Equity strategies were one of the weakest performers with weighted average returns of -2.8%, while multi-strategy funds fared worse still at -5.6%. On the flip side, commodities have been one of the strongest performers recently, saw positive returns of 1.9%, with global macro . . .
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators