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Opalesque Roundup: Investors redeemed $161bn from hedge funds over the past two years: hedge fund news, week 05

Monday, February 01, 2021

In the week ending January 29th 2021, a report by eVestment said that investors pulling $58.76 billion from hedge funds around the world in 2020 may not be cause for celebration, but those outflows are dwarfed by the $102.25 billion investors pulled from hedge funds in 2019. Investors removed an estimated $9.74 billion from hedge funds in the final month of 2020, said eVestment. The total estimated industry AUM sits at $3.360 trillion.

In performance news, two of JW Asset Management's funds - the "B" shares of JW Partners and the similarly managed JW Opportunities Fund - produced a 146 percent gain last year, according to an investor with knowledge of the performance; Shorting tech stocks and betting on Canadian renewable energy last month helped Lynwood Capital Management's hedge fund cap the year with a 97% return, and Timelo Strategic Opportunities Fund, a seven-year-old fund whose 29% gain last year outperformed the 5.6% total return of Canada's benchmark S&P/TSX Composite Index.

Meanwhile, Viking Global Investors, Andreas Halvorsen's $44 billion firm, is down about 7% so far this year in its hedge fund; Two major Lansdowne Partners funds that were deep in the red for most of the year posted huge ......................

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