Long/short equity hedge funds have performed well in 2017 through the end of June, despite getting little attention from new money. Eurekahedge reported the substrategy added $23.7 billion in assets from investment returns while having a net $220 million in outflows. According to the database provider, its long/short equity index rose 5.4% year-to-date.
Arbitrage managers and CTA and managed futures managers led the substrategies in net client inflows. The latter saw $16.4 billion come in during the first quarter as investors looked for greater downside protection and assets negatively correlated with equities.