(Hedgeweek) Forty-two per cent of hedge fund managers were able to raise new capital in 2018, but those who saw redemptions and/or lost money were in the majority, and declared 2018 to be one of the most challenging years for the industry in a decade.
That’s according to December and Year-End 2018 eVestment Hedge Fund Asset Flow Report, which reveals that investors removed USD19.64 billion from the industry in December, bringing total 2018 investor redemptions to USD35.3 billion, the second highest investor redemptions since 2009, according to the new eVestment data. Performance-related asset declines of USD52.4 billion during the year, coupled with those investor redemptions, reduced total industry assets down some USD87.7 billion. The industry ended 2018 with about USD3.189 trillion AUM.
