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In the week ending May 29th 2020, Preqin, a provider of data on investments in alternative assets, said that hedge fund industry's assets under management (AUM) have declined by 9.4% from Q4-2019, to reach $3.31 trillion at the end of March 2020. "This is the first time AUM has fallen below $3.5 trillion since Q4-2018," said Preqin.

Meanwhile, investors redeemed an estimated $18.1 billion from hedge funds in April. Outflows follow March's large redemptions further pushing YTD flows negative, now estimated at $31.1 billion YTD. Performance lifted overall AUM to just below $3.0 trillion, said eVestment.

In new launches, Welton's new quantitative hedge fund, Welton ESG Advantage fund, is due to launch in June 2020; US-based Spectrum Equity has raised a $1.5 billion new fund - Spectrum Equity IX - to invest in startups that are in their growth stage, and Aquiline Capital Partners, a global private investment firm specializing in financial services and technology, announced the final close of its fourth private equity fund, the Aquiline Financial Services Fund IV.

Further in new launches, Legg Mason and its affiliate, ClearBridge Investments, LLC, announced the launch of Legg Mason's first exchange-traded fund (ETF) using the semi-tran......................

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