CTAs Endure Worst Quarter of Investor Flight Since the Pandemic Began

Hedge fund redemptions grew in September to -$48.59 billion (-0.98% of industry assets). September’s outflows follow net redemptions of -$18.93 billion in August and -$16.88 billion in July. In total, redemptions exceeded subscriptions in Q3 2022 by -$84.40 billion. This represents a modest slowdown from Q2’s redemption activity in which industry redemptions swamped subscriptions by -$92.08 billion. For the year to date interval, hedge funds have suffered an excess of -$203.75 billion redemptions over new subscriptions.

A -$185.16 billion trading loss during the month brought total hedge fund industry assets to $4.71 trillion as September ended.

Download the BarclayHedge Fund Flow Indicator report to learn more.