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In the week ending February 21st 2020, the Barclay Fund Flow Indicator revealed that hedge fund clients continued to pull out their money in December, marking the second-straight month of outflows and the worst full-year outflows since 2009. Globally, outflows totaled $29 billion in December, up from $4.7 billion in November, and bringing the full-year total to $109.6 billion, or 3.8% of assets.

Meanwhile, the new decade started flat for hedge funds, with minimal growth as the Preqin All-Strategies Hedge Fund benchmark returned +0.01% in January 2020 and the Eurekahedge Hedge Fund Index up 0.14%, ahead of the underlying equity market as represented by the MSCI ACWI (Local) which lost 0.90% over the same period.

In new launches, Optima Asset Management has just launched the Optima Healthcare and Biotechnology strategy, which will be managed by five portfolio managers, each specialising in a branch of the sector; US-based private equity firm Align Capital Partners (ACP) has announced closing its second investment fund at $450 million, 12.5% higher than its target size of $400 million, and Infra investor Greencoat Capital has raked in £277m ($358m) of capital commitments for its new Greencoat Renewable Income (GRI) fund.

Meanwhile, New York-based private equity ......................

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