(Valuewalk) The hedge fund industry’s assets climbed above the psychological $3 trillion milestone for the first time in 2016 as investor allocations were positive for the third month in the last four. It appears the redemption pressures from last year’s under-performers is abating as new money continues to come in to those who did well in 2015.
Interest remains high for commodity funds, while investors removed money from exposure to Europe, both in the form of investment region and as a firm domicile, leading up to the historic BREXIT vote.
Total industry assets now sit at $3.015 trillion for the moment, however remaining at this level is tenuous in the face of what will likely be aggregate industry performance declines in June.
