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Alternative Market Briefing

Opalesque Roundup: Hedge funds steadily lost investors for 1.5 years but institutions say they'll come back: hedge fund news, week 40

Monday, October 28, 2019

In the week ending October 25th 2019, Jeffrey Vinik, the billionaire investor who relaunched his hedge fund earlier this year, said he is closing his stock-picking hedge fund less than eight months after he started it, the latest sign of challenges facing the hedge-fund industry.

This news comes as investors pulled almost $30bn from hedge funds during the three months to the end of September, meaning the $3.2tn industry has now been steadily losing investors for a year and a half.

The eVestment Hedge Fund Asset Flows Report said investors redeemed an estimated $12.11 billion from the global hedge fund industry in September 2019, bringing year to date (YTD) flows to -$76.86 billion. Meanwhile, according to the Barclay Fund Flow Indicator, the hedge fund redemption trend stretched to three straight months in August as the industry experienced $11.3 billion in outflows. HFR said total hedge fund capital declined modestly to $3.24 trillion, a slight reduction from the prior quarter record of $3.245 trillion, a decline of $5.5 billion, or approximately 0.17 basis points.

In institutional i......................

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