Investors redeemed a net $20.70bn from hedge funds in June, bringing the second quarter net flows to negative $10.68bn. The net flows in the first six months of the year were a negative $27.95bn, according to eVestment data.
Concerns about job growth, political uncertainty and market volatility are of most concern to investment managers as optimism about the economic climate continues to rise, according to Northern Trust Asset Management’s latest quarterly survey.
Global hedge fund capital increased in the second quarter rising above the year-end 2015 level to reach the third highest quarterly capital total on record, according to data from Hedge Fund Research (HFR).
The European Securities Markets Authority (Esma) has issued its advice on the extension of the alternative investment fund managers' directive (AIFMD) passport to investment fund managers and investment funds based in 12 non-EU countries.
Hedge funds posted gains through mid-July as the HFRX Market Directional Index gained 2.17 per cent and the HFRX Global Hedge Fund Index rose 1.03 per cent, according to Hedge Fund Research (HFR) data.