Hedge funds end a brutal 2022 with their third-worst year of outflows since 2008-2009, according to a new tally of fund flows by eVestment.
Hedge funds endured their third-worst year of outflows in about 15 years in 2022, as the Federal Reserve’s rapid-fire rate hikes rattled investors and pulled down asset prices, according to a new tally of fund flows by eVestment.
Investors withdrew a giant $111 billion from hedge funds in 2022, one of the industry’s worst stretches since the painful outflows of 2008-2009, and heavy redemption years of 2016 and 2019. On the flip side, multistrategy funds brought in about $6 billion in 2022, as did managed futures funds, according to eVestment. It pegged average returns for managed futures funds as slightly more than 22% for the year, despite the tough stretch for markets.
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