(Evestment) After a tough run with performance and investor redemptions in the past few years, investors have come back to hedge funds in a big way, adding $13.4 billion to global hedge funds in August. Those new investments coupled with performance increases bring hedge fund industry assets under management (AUM) to a record $3.209 trillion, according to the just-released eVestment August 2017 Hedge Fund Asset Flows Report.
One area investors seem to be showing caution is in emerging markets focused hedge funds. After a string of exceptional performances and a two-month inflow rally in June and July, August saw investors pull back slightly, pulling $1.69 billion from these funds.
