Assets under management by the world’s hedge fund industry are down to $2.36 trillion, reported Value Walk, sourcing data from Eurekahedge North American Hedge Fund Index.
The hedge fund industry has shed 3.4 percent of its assets under management for the first 11 months of 2018, marking the worst year for the hedge fund industry since the global financial crisis.
Preliminary numbers for November indicate $5.2 billion in performance-based losses and $12 billion in net asset outflows. Final numbers for October revealed $42.5 billion in performance-based losses and $28.6 billion in net investor redemptions. October’s performance-based losses were on par with the losses recorded in February, and both months were marked by a major global selloff.
The Eurekahedge Hedge Fund Index is down 2.36 percent year to date through the end of November, compared with the 8.45 percent gain recorded in the first 11 months of last year.
