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HEDGE FUND ASSETS FALL IN VOLATILE FIRST QUARTER
Event Driven leads strategy outflows as deal uncertainty rises; Largest total industry outflow since 2009 includes manager returns of capital, family office conversions
CHICAGO, (April 20, 2016) – Hedge fund capital declined in 1Q16, as volatile markets and early quarter performance resulted in falling investor risk tolerance and led to redemptions from underperforming strategies, according to the latest HFR Global Hedge Fund Industry Report, released today by HFR®, the established global leader in the indexation, analysis and research of the global hedge fund industry. Total global hedge fund capital declined to $2.86 trillion, including investor outflows of $15.1 billion marking not only the largest quarterly outflow since 2Q09, but also the first consecutive quarters of outflows since 2009.