Hedge fund industry AUM sits near $3.05tn in May

(Opalesque) A report by eVestment said that investor flows were near flat in May, with net inflows of an estimated $1.71 billion into hedge funds. Total estimated industry assets rose again due to performance gains as AUM sits near $3.05 trillion.The COVID-19 pandemic’s considerable impact on hedge fund redemptions continued in April as the industry experienced $38.1 billion in outflows.

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