Investor flows accounted for a net outflow of an estimated US $1.59 billion from hedge funds in May. For the year, investors have allocated an estimated net $12.51 billion into the industry. The compilers of the report detected noticeably different underlying themes than in earlier months of 2018. While most of the year had been defined by larger allocations to a targeted group of strategies and funds, in the last two months this trend has reversed, said eVestment. The data specialist found that, despite the visible negativity, there are still many products gaining assets, and segments broadly performing well.