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In the week ending May 29th 2020, Preqin, a provider of data on investments in alternative assets, said that hedge fund industry's assets under management (AUM) have declined by 9.4% from Q4-2019, to reach $3.31 trillion at the end of March 2020. "This is the first time AUM has fallen below $3.5 trillion since Q4-2018," said Preqin.
Meanwhile, investors redeemed an estimated $18.1 billion from hedge funds in April. Outflows follow March's large redemptions further pushing YTD flows negative, now estimated at $31.1 billion YTD. Performance lifted overall AUM to just below $3.0 trillion, said eVestment.
In new launches, Welton's new quantitative hedge fund, Welton ESG Advantage fund, is due to launch in June 2020; US-based Spectrum Equity has raised a $1.5 billion new fund - Spectrum Equity IX - to invest in startups that are in their growth stage, and Aquiline Capital Partners, a global private investment firm specializing in financial services and technology, ...................... To view our full article Click here
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