Hedge funds increased in value to €79 billion, driven largely by revaluations of € billion amid a net transactions outflow of € billion. The revaluation performance was tempered by the fact that some hedge funds assumed short positions in a positively performing market. Hedge funds have not outperformed other investment strategies in the year to date. Other funds, comprising mostly mixed funds 3 , experienced negligible inflows of € billion, despite positive revaluations of € billion, culminating in an increase in overall stock to €152 billion. .
