Hedge fund industry assets rose 1.9% to $3.101 trillion in the first three months of 2015.
Net hedge fund inflows in the quarter ended March 31 were $28.2 billion, below the $51.5 billion of net inflows in the first quarter of 2014, said eVestment’s latest quarterly report, which was released Friday.
Multistrategy hedge funds attracted the highest net inflows in the three-month period at $20.4 billion, followed by managed futures funds, $10.1 billion, and directional credit funds, $6.6 billion.
By contrast, macro funds saw the largest net quarterly outflows at $3.6 billion, trailed by relative value credit hedge funds, $2.5 billion, and convertible arbitrage funds, $1.6 billion. eVestment’s broad hedge fund commodities category also experienced outflows of $1.5 billion during the quarter, the report said.
