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Alternative Market Briefing Weekly

Opalesque Roundup: Investors pulled $51.6bn from hedge funds in 2018: hedge fund news, week 03

Sunday, January 20, 2019

Throughout 2018 the global hedge fund industry saw performance-based losses and net investor outflows totalling $58.9bn and $51.6bn respectively, in contrast to how the industry assets grew $221.9bn over the preceding year.

The assets under management of the global hedge fund industry stood at $2.336tn as of December 2018, down roughly 4.5% throughout the year, placing 2018 as the worst year for the global hedge fund industry since the global financial crisis.

Preliminary data showed that the long/short equities mandate suffered $18bn of performance-based losses and $3.5bn of investor redemptions in December.

In new launches, Thornburg Investment Management, a global investment firm with $41 billion in assets under management, announced the launch of Thornburg Long/Short Equity Fund, a UCITS fund domiciled in Dublin, Ireland; Orchard Global Asset Management (OGAM), an alternative investment management firm with a focus on opportunistic fixed income and structured credit transactions, announced that it has closed the Taiga Special Opportunities Fund after raising $2.5bn in capital commitments and the investment advisory firm Canterbury Consulting, which oversees more than $18.3bn, has set up a fund of hedge funds for its clients.

Further in new launches, Innealta Capital, a privately held quantitative asset manager headquartered in Austin, Texas, announced the launch of the Acclivity Small Cap Value Fund (AXVIX); The hedge fund Light Street Capital Manag......................

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