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Alternative Market Briefing

Europe's hedge fund industry hits $639bn of assets under management: Preqin

Wednesday, July 10, 2019

Laxman Pai, Opalesque Asia:

With €570bn ($638.83bn) of assets under management (AUM) Europe's hedge fund industry is truly significant, Preqin said in a report.

2018 was a tough year for hedge funds globally, and Europe was no exception: AUM declined from its peak of €625bn in Q4 2017 to €570bn in Q4 2018.

However, the outlook for hedge funds in 2019 is looking much better, with investors seemingly acknowledging that tougher economic times and potential market volatility are precisely the conditions that should play to the strengths of hedge funds.

Meanwhile, fundraising for private capital funds focused on Europe reached €177bn in 2018, slightly down (8%) on the 2017 banner year; but in the context of growing deal volumes and a record Q1 2019 fundraising tally (€56bn), the strong fundraising environment appears set to continue.

Europe's fund managers have long been well represented across the two largest alternative asset classes - hedge funds and private equity - but it is notable that the industry's dynamism and diversity is resulting in especially strong growth across the entire spectrum of asset classes.

The industry is also incredibly geographically diverse across Europe. The UK is the largest single hub for alternative assets, with over 2,000 fund managers; but over two-thirds of the industry's fund managers are based elsewhere, with significant numbers not only in the large economies of Western Europe, but also in Scandinavia, Southern Eu......................

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