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Alternative Market Briefing

Investors keep redeeming from hedge funds: Global AUM now $2,309bn as of January 2019

Wednesday, February 20, 2019

Laxman Pai, Opalesque Asia:

The assets under management (AUM) of the global hedge fund industry stood at US$2,309.2 billion as of January 2019, up roughly 0.7% during the month, in contrast to how the industry lost 6.3% of its assets in 2018.

According to Eurekahedge, the final asset flow figures for December 2018 revealed that hedge fund managers suffered performance-based losses of $13.4bn and investor redemptions of $54bn.

Preliminary data for January shows that the industry saw $22.1bn of performance driven gains as well as $5.3bn of net outflows.

"The global hedge fund industry saw its assets decline $154.4bn throughout 2018, down 6.3% from its end-2017 figure - the largest yearly percentage drop since 2008, as fund managers struggled under the global trade tension and aggressive Fed rate hikes which caused elevated market volatility level through the better part of the year," it said in a report.

Investors redeemed $93.4bn during the year, and $61bn of performance losses were recorded.

The long/short equities mandate suffered $23.1bn of performance losses and $40bn of net investor outflows in 2018, resulting in a 7.3% decline in total assets over the year.

Fund managers utilising equity strategies kicked off 2019 with performance gains totalling $23.1bn in January. Despite that, investor redemptions of $1.8bn were recorded.

North American hedge fund managers recorded $38.8bn of performance-based losses, as well as $46bn of investor outf......................

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