Investors redeemed an estimated net $5.2 billion from hedge funds in January 2017. Total industry assets under management (AUM) sit at $3.033 trillion. Despite evidence of redemption pressures, the level is far better than the industry’s start last year, when investors removed $19.3 billion in January.
Within the aggregate numbers we see positive signs at the fund level. For example, 49% of managers had inflows during the month, solidly above the prior 12-month average. More than 17% of all