In the 2023 Alternative Investment Survey, titled ‘Credit where it’s due’, BNP Paribas Capital Introduction surveyed 185 allocators across 19 countries globally in December 2022 and January 2023 who invest or advise on US$1.4 trillion on hedge fund assets, representing over one-third of the industry asset under management. According to the report, hedge fund asset flows are expected to make a turnaround in 2023, with multi strategy & discretionary macro to top the charts and credit making a U-turn.