Hedge fund assets under management growing

Three out of the four main hedge fund strategies tracked by HFR ended June with more than $1 trillion of assets under management. Equity hedge funds, which include equity market-neutral, growth, value and quantitative strategies, had more than $1.2 trillion of assets. Event-driven strategies, such as credit arbitrage, merger arbitrage,and activist, followed closely behind with $1.1 trillion of assets, while relative value had a shade over $1 trillion. Macro lagged with $644 billion in assets.

However, equity hedge funds experienced a $1.8 billion outflow in the second quarter while event-driven strategies only pulled in $300 million. The other two strategies, macro and relative value, drew in $8.3 billion and $5.5 billion, respectively.