Pod-shops and other multi-strategy hedge funds continue to drive industry growth, with allocators pumping $4.5bn into the approach last month alone.
That outweighed redemptions of $2.2bn, according to data from Citco, which gauged multi-strategy net inflows at $2.3bn in July.
Across all hedge funds there were inflows of $10bn in July and outflows of $6.7bn. That $3.3bn net inflow helped pushed YTD inflows for the sector into positive territory at $3.1bn.
Emerging market hedge funds were the only strategy to see net outflows in July, narrowly at -$0.1bn.
Funds in the Americas ($1.9bn) and Europe ($1.6bn) both saw positive net inflows in July, but there was a net outflow of $0.2bn in Asia.
Citco also found that Treasury payment volumes in July set a new record with 52,650 transactions, surpassing the previous high from December 2023.