Research

Asset Flows Update

Hedge funds helped protect investors from the equity market turmoil in September, declining 2.2% during a volatile month that saw the S&P 500 decline 9.3%. Despite the relative outperformance, hedge fund industry AuM declined for the sixth consecutive month, falling $36.8bn, which extended the YTD decline to $178bn. Europe ($18.7bn) accounted for most of the AuM decline, driven by rising risk-off sentiment as the European Central Bank moved to raise interest rates by 75bps to combat soaring inflation, which hit a record high of 10% in September.

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