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Opalesque Roundup: More than 4,000 hedge funds have been liquidated in the past five years: hedge fund news, week 01

Monday, January 06, 2020

In the week ending January 3rd 2020, a study said that the hedge funds industry is now on track to record more closures than launches for a fifth straight year, a blow to a market that once minted millionaires at a heady pace. More than 4,000 funds have been liquidated in the past five years, according to data compiled by Hedge Fund Research Inc.

Investors are pulling money at an accelerated pace as high fees and mediocre returns send them searching for yield elsewhere. They've yanked $81.5 billion this year through November, more than twice the amount for the whole of 2018, according to eVestment data.

Total assets under control by hedge funds appear to have hit a plateau of near $3 trillion a few years ago, which implies the industry "isn't going away" but is "definitely not growing," Bloomberg's Katherine Burton reported.

Meanwhile, the average performance fee for North American hedge funds dropped almost 2 percentage points between 2018 and 2019, from 16.24 percent to 14.81 percent. That's down from 18.39 percent in 2009, according to Eurekahedge.

In new launches, Singapore-based venture capital firm EV Growth has closed a $250 million funding round, exceeding the firm's initial $150 million target; A new multi-strategy quantitative macro portfolio program called Aquanthus Premia has ......................

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