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Alternative Market Briefing

59% of hedge fund managers report outflows for the year

Monday, December 24, 2018

Laxman Pai, Opalesque Asia:

With investors pulling an additional $6.68 bn from hedge funds around the world, November marked the global hedge fund industry's third consecutive month of outflows.

According to the just-released November 2018 eVestment Hedge Fund Asset Flows Report, year to date (YTD) hedge fund outflows stand at -$14.77bn.

Through November 59% of hedge fund managers reported outflows for the year in what has been a tough 11 months for hedge fund performance, said the report.

Equity funds were a bright spot in the industry for November. Among hedge fund types, Equity funds pulled in an additional +$3.45bn in November and among primary strategies Long/Short Equity funds pulled in +$3.39bn last month.

Equity funds are strongly positive YTD, with an additional +$9.43bn being invested with those funds. Long/Short Equity fund flows however are negative for the year, at -$1.90bn.

Macro funds: The biggest asset losers

Among primary hedge fund strategies, Multi-Strategy, Market Neutral Equity, Distressed, Convertible Arbitrage and MBS Strategies also saw positive asset flows in November, although for most just barely. Multi-Strategy funds were the only funds among these five primary strategies to pull in more than $1bn.

Macro funds were the biggest asset losers among primary hedge fund strategies in November at -$5.68bn. YTD flows to Macro funds are still positive at +$2.64bn.

Funds focused on US investment opportunit......................

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