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Alternative Market Briefing Weekly

Opalesque Roundup: Despite 45% of hedge funds seeing inflows, industry AUM drops 8th consecutive month: hedge fund news, week 44

Saturday, November 23, 2019

In the week ending November 22nd 2019, the eVestment hedge fund asset flows report said despite 45% of funds did experience inflows last month, the overall asset outflows in October marked the 8th consecutive month of outflows for the industry with investors redeeming $6.20 billion. The last time the industry experienced this many consecutive months of outflows began in Q3 2008 and persisted until April 2009. Overall hedge fund industry AUM stood at $3.258 trillion in October, according to the new report.

Meanwhile, the Barclay Fund Flow Indicator published by BarclayHedge put the hedge fund industry's redemptions in September at $14.7 billion, representing 0.5% of hedge fund industry assets, up from August's $11.3 billion net outflows. According to Eurekahedge numbers, the global hedge fund industry assets under management (AUM) has declined by $19.5 billion as of October 2019 year-to-date, said Eurekahedge.

Louis Bacon's iconic Moore Capital Management is to return capital from its three macro hedge funds to investors. The step to privatize Moore Capital will mark the end of a storied era at the firm and follows years of weaker performance at the fund.

In performance news, Managed Futures remains the best performing alternative strategy year-to-date, up 9.2% according to the estimates, Lyxor said in its weekly brief. As progress is made on a US-Chin......................

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