Hedge fund investor flows turned negative in March, snapping a two-month positive run, as investors redeemed an estimated $12.4 billion during the month, according to a new report.
eVestment published this finding in a first-quarter report on hedge fund flows. The report’s findings are based on the company’s database of traditional and alternative strategies.
Despite the outflow, the report states, net flows of hedge funds remained positive in the first quarter of 2013. Investors added $7.6 billion and performance added $56.1 billion, increasing total industry assets under management by 2.5 percent to $2.7 trillion in the first quarter.