Tue, Jan 21, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

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 ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Siguler Guff closes Small Buyout Opportunities Fund IV at $1.58bn[more]

    Laxman Pai, Opalesque Asia: Private investment firm Siguler Guff & Co. has raised $1.58bn for a fourth fund - Small Buyout Opportunities Fund IV - to invest with small buyout managers and directly in their portfolio companies. The New York-based multi-strategy private equity investment firm

  2. J.P. Morgan makes strategic investment in tech company for alternatives[more]

    Laxman Pai, Opalesque Asia: J.P. Morgan has taken an equity stake in Arcesium, an investment-management technology business that D.E. Shaw & Co. launched as an independent company in 2015. New York-based Arcesium LLC is an investment management technology and services firm, offering services i

  3. People: Hedge fund godfather Lord Fink to chair HSBC backed tech start-up Bud, Swiss investment boutique appoints CIO & CCO[more]

    Hedge fund godfather Lord Fink to chair HSBC backed tech start-up Bud From Standard: Hedge fund tycoon Lord Fink has been named chairman of bank software start-up Bud, which is backed by HSBC and Goldman Sachs. Fink, dubbed the "Godfather of hedge funds" for his role at Man Group, inves

  4. Legal: Hedge-fund Felon hid criminal past to woo crypto investors, U.S. charges, Partners Group sued over alleged breach of non-disclosure agreements[more]

    Hedge-fund Felon hid criminal past to woo crypto investors, U.S. charges From Bloomberg: A Toronto man who served time in prison after his hedge fund collapsed later concealed his identity and criminal past to defraud investors of $30 million through an initial coin offering of digital

  5. Regulatory: Woodford fund shows vulnerable side of shadow banking, regulator says, A new framework for Cayman's regulatory regime for investment funds[more]

    Woodford fund shows vulnerable side of shadow banking, regulator says From Reuters: The closure of the Woodford fund in Britain showed how the $184 trillion shadow-banking sector can be vulnerable even in normal market conditions, the Financial Stability Board (FSB) said in a report on