After poor performance towards the end of 2018, investors have largely been reticent in their hedge fund investment, recording total industry withdrawals of $22.1bn in Q1 2019, Preqin said in its Insights.

The recent performance gains in 2019, however, have driven hedge fund assets under management (AUM) from $3.45tn in Q4 2018 to $3.56tn as of the end of Q1 201