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In the week ending February 28th 2020, hedge fund industry assets under management (AUM) reached an all-time high at the end of 2019, with performance gains helping to offset negative capital flows and push total assets to $3.66tn, the industry has grown by 5.9% since the end of 2018. According to Preqin, Q4 outflows of $15.4bn marked a fitting end to a year of net outflows in all four quarters, totaling $97.2bn. This means hedge funds extended their dismal run of outflows to seven consecutive quarters, back to Q2 2018. Meanwhile, following a challenging 2019, 2020 is starting off on a positive note, with investors adding $10.38 billion to the hedge fund business, according to the just-released eVestment January 2020 Hedge Fund Asset Flows Report which puts hedge fund industry assets at $3.31tn at the end of January. In new launches, Ridgewood Infrastructure has closed its debut fund - Ridgewood Water & Strategic Infrastructure Fund at the $600 million hard cap; CMC Capital Partners, a Chinese private equity firm set up by Ruigang Li, formerly president of Shanghai Media Group (SMG), has closed its third US dollar-denominated fund with more than $950 million in commitments and financial services investor Corsair Capital has raised $1bn for its latest private equity fund, after some two years of collecting capital. Further in new launches, Helsinki-based venture capital firm Innovestor on Wednesday said it is raising a 100-million euro ($109 million) fund focusing on industrial technolog...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, February 29, 2020
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