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Alternative Market Briefing

Global hedge funds record net growth with $55bn performance gains and $32.3bn investor redemptions in first quarter

Wednesday, April 17, 2019

Laxman Pai, Opalesque Asia:

The global hedge fund industry assets under management (AUM) has grown by $22.7bn as of March 2019, said the April 2019 Eurekahedge Report.

Redemption pressure eases as quarter-on-quarter investor flows from the hedge funds industry dropped by 65.9%. Investors redeemed $32.3 bn in Q1 2019, compared to $94.7bn in Q4 2018.

Final asset flow figures for February showed that hedge fund managers generated performance-based gains totalling $12.4bn, offset by investor redemptions of $17.5bn.

Following a similar trend, preliminary data for March showed that the industry saw $9.8 bn of performance-driven gains, counterbalanced by $8.0bn of net investor outflows.

The aggregate AUM of the global hedge fund industry stood at $2,315.0bn as of March 2019, up roughly 1.0% year-to-date, in contrast to how the industry lost 6.3% of its assets in 2018.

On a year-to-date basis, the industry has seen $55.0bn of performance growth and $32.3bn of investor redemptions over the first quarter of 2019.

During the pre-financial crisis period, the share of performance-based growth and investor inflows was almost evenly split with total asset growth coming in at $343.4bn. During the financial crisis in 2008, investor outflows accounted for over half of the total loss of capital for the global hedge fund industry as investors grew nervous over the prospect of their investments.

North American fund managers report performance-based gains tota......................

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