Wed, Aug 5, 2020
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Global hedge fund industry AUM declines by $204.7bn in May 2020 YTD

Wednesday, June 17, 2020

Laxman Pai, Opalesque Asia:

The global hedge fund industry AUM has declined by $204.7 billion as of May 2020 year-to-date. Net outflows for Q1 stood at $85.9 billion, which compares to the $94.7 billion of net outflows in Q4 2018, said Eurekahedge Report.

The Eurekahedge Hedge Fund Index gained 2.03% in May, recouping some of the losses it suffered in the first quarter, supported by the robust performance of the underlying global equity market as seen by the 4.32% return of the MSCI AC World Index over the same month.

According to the report, the Eurekahedge North American Long Short Equities Hedge Fund Index gained 3.88% in May, driven by the strong performance of US equities. The tech-heavy NASDAQ gained 6.75% - recording its new all-time high in May, while the S&P 500 ended the month up 4.53%.

Meanwhile, the Eurekahedge Greater China Long Short Equities Hedge Fund Index was up 0.82% in May, outperforming the Hang Seng and CSI 300 by 7.65% and 1.98% respectively, as the region's equity markets were adversely affected by the ongoing political unrest in Hong Kong.

The Eurekahedge CTA/Managed Futures Hedge Fund Index was up 0.46% in May, bringing its year-to-date return to 1.18%. The reopening of several major economies increased the global demand for oil during the month, providing support for oil prices. The market prices of US and Brent crudes increases by around 50% throughout the month.

The Eurekahedge Fixed Income Hedge Fund Index was up 2.22% in Ma......................

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. Investing: Yield stocks are the way to go for this Australian hedge fund, Tech stock rally is far from repeating the 1990s dot-com bubble, SunTrust says, Stocks now in 'the painful stage' before a more balanced bull market emerges, Morgan Stanley chief US equity strategist says[more]

    Yield stocks are the way to go for this Australian hedge fund From Bloomberg: Equities that offer attractive yields are the last remaining place investors can get returns in a world of zero interest rates, according to Kardinia Capital. The Sydney-based absolute return manager of one

  2. Study: Small endowments and foundations fall behind in the pandemic, Covid-19 could be trigger for widespread mandate losses[more]

    Small endowments and foundations fall behind in the pandemic From Institutional Investor: Bigger allocations to alternative assets may be benefiting their larger peers - for now. Large endowments and foundations in the U.S. beat smaller ones in the first quarter, reversing last year's per

  3. GCM Grosvenor to merge with Cantor Fitzgerald SPAC, to go public[more]

    Laxman Pai, Opalesque Asia: GCM Grosvenor, a global alternative asset management solutions provider with approximately $57 billion in assets under management, is planning to go public by merging with a special purpose acquisition company backed by the financial-services firm Cantor Fitzgerald in

  4. Ocean Avenue Capital Partners wraps up the fourth fund at $350m[more]

    Laxman Pai, Opalesque Asia: California-based lower-middle market private equity firm Ocean Avenue Capital Partners (OACP) has closed its fourth fund at a hard cap of $350 million, beating its $300 million target. OACP, which manages approximately $1.3 billion of capital, expects that represe

  5. New Launches: Hedge-fund launches pick up despite Covid-19 pandemic, Taconic launches new credit fund, Deerfield raises another $2.5bn as investors flock to health care investments, Blackstone's second fund targeting GP stakes raises $3.5bn so far, Morgan Stanley IM targets greener recovery with Euro sustainable funds, UCL hits $131m first close for sophomore venture capital fund, Fulcrum launches climate change fund, Blackbird raises $356m fund, Crypto venture fund raises $110m from universities, Prime Capital launches Liquid Alternatives Credit fund of funds[more]

    Hedge-fund launches pick up despite Covid-19 pandemic From WSJ: Raising money for a new hedge fund long was contingent on a host of in-person meetings. But a slate of managers are launching sizable startup funds despite complications wrought by the new coronavirus. Hedge-fund man