Hedge funds assets shrink amid investors withdraws, losses

NEW YORK (Reuters) – Hedge funds belongings fell under $4 trillion in June, dragged down by poor efficiency and buyers’ withdraws, information supplier HFR confirmed on Thursday.

Amid excessive unstable throughout markets, buyers redeemed $27.5 billion of hedge funds between April and June, bringing complete withdraws within the first half of the yr to $7.7 billion. No hedge fund class lured contemporary cash from buyers within the second quarter.

Complete belongings ended the second quarter at $3.8 trillion, down roughly 5% from March, it stated, additionally battered by the funds efficiency. The fund weighted composite index is down 5.78% within the yr, HFR stated.

Solely macro hedge funds, which commerce a broad vary of belongings, reminiscent of bonds, currencies, charges, shares and commodities, posted belongings features within the second quarter. Opposite to the trade common efficiency, they posted a optimistic return of 8.61% within the first half of the yr.

(Reporting by Carolina Mandl in New York; Modifying by Mark Porter)