Hedge fund outflows near $15bn in Q1 amid 'clear dissatisfaction'

Follows 2018 losses

Investors pulled $14.9bn from hedge funds in the first quarter of 2019 with outflows of $13.7bn in March alone, amid "clear dissatisfaction" over the sector's performance, according to eVestment research.

The fourth consecutive quarter of outflows - the first such run since the year to Q4 2016 - follows a 2018 that saw the global hedge fund industry deliver average losses of 5.1%, compared to S&P losses of 4.4% over the same period. Alternatives market to grow by $2.5trn in next three years However, year-to-date, the sector has cancelled out 2018 losses with a 5.34% return for the hedge fund aggregate index, but for the same period the S&P 500 has rallied to 13.7% The eVestment Hedge Fund Asset Flows Report revealed sub-sectors of the $3.3trn industry that underperformed in 2018 inc...