Hedge fund total assets rose to $3.094 trillion at the end of November, with investors committing nearly $70 billion to the industry this year.
China-focused funds have been the primary winner of new allocations, figures from eVestment show, while credit strategies have been one of the most successful segments of the hedge fund universe post-financial crisis.
November itself saw an $11.2 billion increase in total hedge fund assets under management due to new flows and performance. Fund flows accounted for $3.2 billion, while $8 billion came from performance, the eVestment figures show.
Multi-strategy funds had inflows of $4.7 billion during the month and bring year-to-date allocations to $56.9 billion, the universe’s largest annual allocation since 2007.
Equity strategies’ flows have been mixed in the last six months and November’s inflow reverses the prior two-month spurt of redemptions.
Commodity fund flows were slightly positive in November, marking the third consecutive month of positive aggregate investor sentiment for the group and fifth month in the last six with inflows.
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