Investors Redeemed $58bn from Hedge Funds in 2020 (Opalesque) Investors removed an estimated $9.74 billion from hedge funds in the final month of 2020, said eVestment. YTD redemptions are estimated to be $58.76 billion. The total estimated industry AUM sits at $3.360 trillion. Since 2008, only once have net flows been positive in the final month of the year (2010, $2.4 billion). Since 2009, the average of December net flows has been $16.5 billion making the redemption in December 2020 a decent figure for the industry. The report said that while the net flow figure was muted for December, the volume of asset movement during the month was relatively high compared to a six-year average, though still below the average of past Decembers.
Never understood why people pay insane fees to achieve sub par returns. Is it to brag to your friends about being in a "hedge fund" for "rich" people? lol.