Investors allocated $18.3 billion to hedge funds in March, bringing total net flows during the quarter to just over $55 billion. That first-quarter figure is about 90% of 2013’s full-year total of $61.7 billion, according to eVestment’s monthly Hedge Fund Asset Flows report for March.
Long/short equity funds took in $28 billion of new assets during the quarter, followed by event-driven strategies ($20.2 billion) and broad multistrategy funds ($19.3 billion). Only macro and managed futures strategies saw net outflows during the quarter, at $5 billion and $16 billion, respectively.
eVestment noted that flows into equity strategies were the highest since the second quarter of 2007.
