Hedge fund AUM falls to $3.31tn as investors redeem $31bn in Q1:

(Opalesque) Preqin, a provider of data on investments in alternative assets, said that hedge fund industry’s assets under management (AUM) have declined by 9.4% from Q4-2019, to reach $3.31 trillion at the end of March 2020. “This is the first time AUM has fallen below $3.5 trillion since Q4-2018,” said Preqin.

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