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In the week ending June 28th 2019, Hedge Fund Research showed that hedge fund performance dispersion narrows significantly in 1Q19 with the top decile posting an average gain of +21.12%, up from +8.5% in 4Q18, while the bottom decile decline fell to -5.8%, down from an average of -23.3%. This top/bottom dispersion 26.9% represents a dispersion decline of nearly 500 basis points over the 4Q dispersion of 31.8%. Global hedge fund liquidations outpaced launches for the third consecutive quarter: about 213 funds closed in the first three months of this year, compared with 136 that opened. According to the report, the 136 new launches brings the rolling 12-month launch total to 544, falling below the 561 launches from calendar year 2018 and representing the lowest total for a 12-month period since 2000.
To continue the bad news, global investors pulled another $3.78 billion from hedge funds in May, according to the just-released May 2019 eVestment Hedge Fund Asset Flows Report.
In new launches, Hamilton Lane raised $1.7bn for latest fund - co-investment fund, the fourth of its kind for the alternative asset manager; Encourage Capital, LLC, an impact investmen...................... To view our full article Click here
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