(Opalesque) The Barclay Fund Flow Indicator saw redemptions from hedge funds hit a 20-month high in June, even amid worries over trade and interest rates. Hedge fund industry assets remained at an all-time high of $3.0 trillion, though the financial markets weighed the risks of trade disputes and rising interest rates, says a press note from BarclayHedge.
According to the data drawn from more than 5,000 hedge funds in the BarclayHedge database estimated that the hedge fund industry (excluding CTAs) gave up $8.9 billion (-0.3% of assets) in June, reversing inflows of $4.0 billion (0.1% of assets) the month before.June marked the largest outflow since October 2016.