Net inflows to hedge funds more than doubled from the previous quarter to come in at $13.6 billion in the first quarter of 2022, according to data from the Citco group of companies (Citco), an asset servicer with $1.8 trillion in assets under administration (AUA).

Net inflows to hedge funds more than doubled from the previous quarter to come in at $13.6 billion in the first quarter of 2022, according to data from the Citco group of companies (Citco), an asset servicer with $1.8 trillion in assets under administration (AUA).

Analysing funds it administers, Citco’s 2022 Q1 Hedge Fund Report found that all categories of hedge fund saw net inflows over the three-month period. The majority of capital flowing into the largest funds, with $6.2 billion going into funds larger than $10 billion in size.
 
The popularity of Hybrid Capital Funds was very clear once again in Q1, with net subscriptions of $8.2 billion, by far the most popular strategy, while Multi Strategy funds made up most of the remainder after seeing net subscriptions of $4.7 billion.
 
In terms of performance, following the return of volatility across markets, returns were varied. Commodities delivered a 12.09% weighted average return over the first three months of the year, while Event Driven delivered 9.16%. On the downside, Equities saw a negative performance of -6.76%. Overall, hedge funds generated a -3.23% weighted average return for Q1.
 
Elsewhere, the report showed Treasury volumes climbed once more to a new record in Q1, just edging out the previous high set in Q4 2021.