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Alternative Market Briefing

January's hedge fund redemptions at $24.1bn in fifth straight month of net redemptions

Tuesday, March 19, 2019

Laxman Pai, Opalesque Asia:

Driven by a fourth-quarter stock market plunge and investor concerns over global trade disputes and a possible global economic slowdown, hedge fund redemptions slowed from their December pace in January, but persisted for a fifth straight month.

According to the Barclay Fund Flow Indicator, January's hedge fund redemptions stood at $24.1bn, a marked decrease from December's $42.3bn but still a drop of 0.8% of hedge fund assets.

The January activity of hedge fund investors worldwide (excluding CTAs) producing a fifth straight month of net redemptions, even as outflows backed off December's pace - the largest monthly hedge fund redemptions total in at least five years, the report said.

"A fourth quarter U.S. stock market plunge coupled with volatility in fixed-income markets clearly spooked investors," said Sol Waksman, president of BarclayHedge.

"Meanwhile, international stocks fared no better including in emerging markets where concerns over U.S.-China trade issues and fears of further U.S. interest rate hikes fueled volatility," he added.

Global hedge fund industry net assets reach $2.96tn

For the 12-month period ending Jan. 31, hedge fund net outflows stood at $118.3bn, 4.0% of industry assets. At the end of January, global hedge fund industry net assets stood at nearly $2.96tn.

Macro funds led the field in hedge fund inflows over the 12-month period ending in January, adding more than $14.2bn, 6.7% of net as......................

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