Opalesque Industry Update - The hedge fund industry faces a challenging environment in Europe, with overall assets under management declining in 2016, and net asset outflows continuing through Q1 2017. As of the end of 2015, hedge fund managers in the region held $674bn in AUM; this declined to $657bn a year later. At the same time, investor outflows from Europe- based fund managers totalled $35bn, with a further $9bn in net outflows recorded in Q1 2017. However, performance among Europe hedge funds has shown signs of recovery from difficulties seen in late 2015 and early 2016. In the 12 months to the end of May 2017, funds in the region recorded 11 months of positive returns, and made overall gains of 10.28%. Other Key Hedge Funds in Europe Facts:
Amy Bensted, Head of Hedge Fund Products: "Europe is the second largest market for hedge funds globally, accounting for approximately a fifth of all hedge fund assets under management. The region has undergone significant change in recent years; new regulatory developments in the aftermath of the Global Financial Crisis, particularly the introduction of the AIFMD, have affected how fund managers operate and market their funds to investors. Further uncertainty surrounding the long-term prospects for the European economy, and the potential impact of Britain's exit from the European Union on the financial services sector, also raise the prospect of significant developments in the years ahead. However, the region remains a major centre for the industry, with mature and diverse markets. As such, although it has faced short-term difficulties, the longer term outlook for Europe is still one of growth and development." |
Industry Updates
European hedge fund market contracts in 2016
Tuesday, June 27, 2017
|
|