The tide for hedge funds appears to be turning; bolstered by positive inflows against redemptions in March, increasing the industry’s cash flow by USD5bn, the industry has reported that inflows of new cash during April amounted to USD15.4bn, the highest recorded since August of last year.
Despite USD40.5bn redemptions in April, the rate at which investors are pulling out their money seem to be slowing when compared to the USD65bn on average redeemed each month during the previous six months.
According to a Eurekahedge report, industry assets now stand at USD1.3 trillion, down from USD1.95 trillion twelve months previously.
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