Hedge funds see May outflows of $8bn

(Opalesque) Hedge fund redemptions continued to decline from their COVID-19 pandemic-fueled peak of $85.6 billion in March. Net redemptions in May were $8.0 billion, 0.3% of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions. In spite of the redemptions, the hedge fund industry continued to grow. Assets under management rose to $3.04 trillion, up from $2.99 trillion a month earlier based on trading profits of $49.9 billion in May.

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