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Alternative Market Briefing

Preqin reports 69 hedge fund launches, 5.40% average performance in Q1 2019

Tuesday, April 23, 2019

B. G., Opalesque Geneva for New Managers:

69 hedge funds were launched in Q1 2019, the majority (84%) of which were single-manager funds, reports research house Preqin in its Q1 update. Furthermore, the Preqin All-Strategies Hedge Fund benchmark returned +5.40% for the quarter.

Two thirds launched in North America

Two-thirds of new funds were launched by North America-based managers, slightly up from Q1 2018 statistics (64%). The proportion of Europe-based launches has decreased from 31% to 23% of the total, suggesting that fund managers are bracing themselves for the impact of Brexit on financial markets, whichever form that may take, notes Preqin.

Asia-Pacific-based fund launches have been stable, making up 8% of all new funds, but the proportion of new funds with a focus on the region has more than halved in comparison with the previous quarter.

Equity strategies funds made up 44% of all launches

In Q1 2019, equity strategies funds made up 44% of all hedge fund launches, up from 37% in Q4 2018; this sug......................

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