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Alternative Market Briefing Weekly

Opalesque Roundup: Hedge funds' total assets dropped more than $300bn in a single month: hedge fund news, week 21

Saturday, May 23, 2020

In the week ending May 22nd 2020, BarclayHedge said that there were more than $85 billion in redemptions in a disastrous March, when hedge funds also suffered trading losses of $229.1 billion. In a single month, hedge funds' total assets dropped more than $300 billion - roughly a tenth of the industry's total assets.

Investors continued to pull money out of hedge funds in April, withdrawing $18.1 billion from hedge funds around the world last month, according to the just-released April 2020 eVestment Hedge Fund Asset Flows Report.

However, following substantial losses in March, hedge funds made strong gains in April as global equity markets rebounded. The Preqin All-Strategies Hedge Fund benchmark returned +6.42%, compared with -9.20% the previous month. This bumped the 2020 YTD figure up to -4.99% and the 12-month return to -1.21%.

Meanwhile, the Eurekahedge Hedge Fund Index was up 4.03% in April - registering its best month since May 2009, supported by the robust performance of the underlying global equity market as represented by the MSCI ACWI IMI (Local) which gained 10.47% over the month.

In new launches, Washington D.C-headquartered EIG Global Energy Partners closed on its $1.1 billion EIG Global Project Fund V, exceeding its $750 million fundraising target; Cowen Healthcare Investments (CHI) has ......................

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