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Alternative Market Briefing Weekly

Opalesque Roundup: Hedge fund industry total assets hit $4.80tn: hedge fund news, week 08

Saturday, February 26, 2022

In the week ending February 25th 2022, Barclay Fund Flow Indicator published by BarclayHedge revealed that the hedge fund industry experienced net outflows in December with $20.4 billion in redemptions, equivalent to a -0.44% reduction in industry assets. Nevertheless, a $39.8 billion trading profit in December brought total industry assets to nearly $4.80 trillion as the month ended. A steady string of nine consecutive months of inflows, together with strong trading profits, increased hedge fund assets in 2021 by almost 23%.

Meanwhile, January was a sharply volatile month for nearly all markets, and this was reflected in divergences between the performance of various hedge fund strategies. Hedge fund data provider PivotalPath's Dispersion Indicator stood at 6.3% in January, its third highest reading since 2009.

In performance news, London-based Eschler Asset Management, a long-biased long/short equity strategy deploying long-term capital into small and mid-cap ideas in out-of-favour segments of the market returned 18% last year - after returning almost 50% in 2020; The Savin Multi-Strategy Arbitrage Fund, a Dutch multi-arbitrage strategy hedge fund, returned 25% in 2021, and Katch Litigation Fund (KLIF), a new litigation fund joined a growing group of peers in the UK, to achieve a return of almost 16% in 2021.

In the meantime, King Street Capital Management, the credit-driven multistrategy firm, which intentionally operated under the radar for many years, posted a 14.7 percent gain in its fl......................

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