Hedge funds have seen their eighth successive month of positive returns, according to fund administrator Citco, with year-to-date performance of 11.03% at September 30th.
The sector saw an overall weighted average return of 3.22%, an increase from 1.09% in Q2 2024.
Global macro strategy led the way with a 5.25% weighted average return, followed by fixed income arbitrage funds with a 4.09% return.
All categories measured by assets under management that Citco provides administration services for were positive in Q3 2024. Funds with $1-$3 billion of assets achieved the highest weighted average return of 5.34%, closely followed by funds with $500 million-$1 billion, with a weighted return of 3.51%.
Funds with $200 million to $500 million returned 3.08%, indicating solid performance among mid-sized funds, said Citco.
Multi-strategy funds experienced significant net inflows of $3.7 billion, the best performing fund strategy in Q3, closely followed by hybrid funds which saw net inflows of $3.6 billion.
Treasury payment volumes continued at “record setting pace” of inflows, with a particularly strong performance in July. This marks the sixth consecutive quarter of increasing volumes.
Hedge funds saw net inflows of $1.1 billion, as positive inflows in July ($4.2 billion) and August ($3.1 billion) outweighed September’s outflows.
Funds in Europe ($2.8 billion) and the Americas ($0.1 billion) both saw positive net inflows in Q3.
