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Alternative Market Briefing

Opalesque Roundup: Performance gains lift hedge fund assets despite four consecutive quarters of net asset outflows: hedge fund news, week 15

Monday, April 22, 2019

In the week ending April 19th 2019, a report from Hedge Fund Research said that hedge funds turned in their strongest first quarter in 13 years. HFR's index of hedge funds saw a 5.7 percent gain in the first quarter, the best since 2006. "Hedge fund capital posted sharp gains to begin 2019 as investor risk tolerance increased," said Kenneth Heinz, president of Hedge Fund Research said.

However, hedge funds did suffer their fourth consecutive quarter of net asset outflows, which occurred following a period of four consecutive quarterly net asset inflows. Despite these investor outflows of about $18bn, performance-based gains of nearly $97bn took total hedge fund capital recorded the fifth-highest level, increasing to $3.18tn, HFR said. Other statistics said global hedge funds record net growth with $55bn performance gains and $32.3bn investor redemptions in the first quarter.

Further in performance news, hedge funds continued their winning ways in March with a third straight month of positive returns as Fed interest rate stance and U.S.-China trade talk progress fuel investor enthusiasm, while Lyxor in its Weekly Bri......................

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