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Alternative Market Briefing

Opalesque Roundup: Hedge fund performance dispersion narrows significantly in 1Q19: hedge fund news, week 24

Monday, July 01, 2019

In the week ending June 28th 2019, Hedge Fund Research showed that hedge fund performance dispersion narrows significantly in 1Q19 with the top decile posting an average gain of +21.12%, up from +8.5% in 4Q18, while the bottom decile decline fell to -5.8%, down from an average of -23.3%. This top/bottom dispersion 26.9% represents a dispersion decline of nearly 500 basis points over the 4Q dispersion of 31.8%.

Global hedge fund liquidations outpaced launches for the third consecutive quarter: about 213 funds closed in the first three months of this year, compared with 136 that opened. According to the report, the 136 new launches brings the rolling 12-month launch total to 544, falling below the 561 launches from calendar year 2018 and representing the lowest total for a 12-month period since 2000.

To continue the bad news, global investors pulled another $3.78 billion from hedge funds in May, according to the just-released May 2019 eVestment Hedge Fund Asset Flows Report.

In new launches, Hamilton Lane raised $1.7bn for latest fund - co-investment fund, the fourth of its kind for the alternative asset manager; Encourage Capital, LLC, an impact investmen......................

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