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Alternative Market Briefing Weekly

Opalesque Roundup: Hedge funds suffer outflows again in July but performance gains buoy AUM : hedge fund news, week 32

Saturday, August 24, 2019

In the week ending August 23rd 2019, eVestment published data showing that hedge fund investors withdrew another $8.42 billion from the industry in July. However, positive performance has helped to keep industry assets above $3 trillion. Total industry AUM sits at $3,303bn as of the end of July. While in May hedge funds registered $800m inflows, the momentum turned already in June into redemption territory with $12.2 billion in outflows for that month.

The Eurekahedge Hedge Fund Index was up 0.62% in July, bringing its year-to-date return to 6.48%; CTA funds posted a 0.98% return in July 2019, according to the Barclay CTA Index, while the SS&C GlobeOp Forward Redemption Indicator for August 2019 measured 3.41%, up from 2.69% in July.

In the meantime, Emerging Markets hedge funds posted industry-leading gains through mid-2019, navigating rising trade tariff tensions, the falling Chinese Renminbi, growing protests in Hong Kong, and interest rate cuts by the U.S. Federal Reserve and other central banks.

In new launches, Harrison Street has raised $1.6bn for its seventh US opportunistic real estate fund - Harrison Stre......................

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