Top-performing hedge funds attract most inflows; industry bleeds
The top-performing hedge funds of 2018 took the lion's share of net inflows through the first nine months of this year. Across the major fund strategies, top-performing equity funds, at about $40 billion, had the largest net inflows. However, the fund class's bottom performers lost nearly $66 billion.
Net industry flows over the nine-month period were -$25.6 billion. Poor-performing multiasset funds were also victims of significant outflows, as more than $60 billion in client money left. Out flows in 2019 have already surpassed 2018's total by nearly $40 billion.