With €570bn ($638.83bn) of assets under management (AUM) Europe's hedge fund industry is truly significant, Preqin said in a report.

2018 was a tough year for hedge funds globally, and Europe was no exception: AUM declined from its peak of €625bn in Q4 2017 to €570bn in Q4 2018.

However, the outlook for hedge funds in 2019 is looking much better, with inve