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In the week ending January 29th 2021, a report by eVestment said that investors pulling $58.76 billion from hedge funds around the world in 2020 may not be cause for celebration, but those outflows are dwarfed by the $102.25 billion investors pulled from hedge funds in 2019. Investors removed an estimated $9.74 billion from hedge funds in the final month of 2020, said eVestment. The total estimated industry AUM sits at $3.360 trillion.

In performance news, two of JW Asset Management's funds - the "B" shares of JW Partners and the similarly managed JW Opportunities Fund - produced a 146 percent gain last year, according to an investor with knowledge of the performance; Shorting tech stocks and betting on Canadian renewable energy last month helped Lynwood Capital Management's hedge fund cap the year with a 97% return, and Timelo Strategic Opportunities Fund, a seven-year-old fund whose 29% gain last year outperformed the 5.6% total return of Canada's benchmark S&P/TSX Composite Index.

Meanwhile, Viking Global Investors, Andreas Halvorsen's $44 billion firm, is down about 7% so far this year in its hedge fund; Two major Lansdowne Partners funds that were deep in the red for most of the year posted huge gains in the fourth quarter, paving the way for one of them to miraculously finish the year in the black; Maplelane Capital, a $3.5 billion stock hedge fund, lost about 33% this month through Tuesday in part because of a short position on GameStop Corp., and Steve Cohen's Point72 Asset Management has lost 10% to 15% so far this month as a growing number of hedge funds tally losses from retail investors' attacks on popular positions.

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