- Advertisement -
- Advertisement -

Related

New Hedge Fund Launches Rise

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – During the second quarter, 86 new hedge funds opened their doors, up from 69 launches in the first quarter. No CTAs were launched during the previous quarter, which “could be a knock-on effect of underperformance in 2018,” according to Preqin’s latest quarterly update on the hedge fund industry.

Europe-based funds accounted for 36 percent of hedge fund launches in the second quarter, up from 23 percent in the first quarter. Over the previous four quarters, new hedge funds have steadily shifted their focus towards more region-specific opportunities in developed markets, away from having a broader global emphasis. Europe-focused funds accounted for 12 percent of all launches in the second quarter, up from five percent in the prior quarter. Funds focused on North America, meanwhile, made up 23 percent of all launches last quarter, compared to 11 percent and 18 percent in the third and fourth quarter of last year, and 20 percent in the first quarter of 2019.

Following the strong performance of global equity markets in the first quarter, equity-focused hedge funds accounted for the highest share of all hedge fund launches in the second quarter. During the quarter, equity funds constituted 45 percent of all launches, up from 41 percent in the first quarter and 39 percent in the final quarter of last year. Macro strategies represented 12 percent of all launches in the second quarter, up from three percent in the first quarter. “With more volatility potentially looming from Brexit and an escalating US-China trade war,” writes Preqin, macro strategies “could be better positioned to navigate volatile market events.”

This year’s Q2 edition of the Preqin Quarterly Update: Hedge Funds can be found below:

Photo by Jungwoo Hong on Unsplash

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

Rising Adoption of Quantitative Investment Strategies Among Nordic Investors

From a high-level perspective, there is a clear trend of increasing adoption of quantitative investment strategies (QIS) among Nordic institutional investors, either through the...

EU Plans Stress Test for Hedge Funds and Non-Bank Firms

European regulators are planning a stress test to identify vulnerabilities beyond the traditional banking sector, focusing on less regulated entities such as hedge funds,...

ALCUR Fonder Continues Hiring Spree

Following two earlier additions this year, ALCUR Fonder continues to expand its portfolio management team at a notable pace. The Stockholm-based hedge fund boutique...

Nordic Private Markets Modernize with Data-Centric Trade Lifecycle Automation

By Anders Stengaard Jensen at Indus Valley Partner: In recent years, asset managers in Nordic countries have accelerated efforts to modernize trade operations, particularly...

Norwegian Hedge Fund Industry Sees Major Boost with New Launch

The Swedish and Danish hedge fund industries remain closely matched in size, with Denmark recently edging ahead of Sweden. While still less than half...

Atlant Funds Hold Up in May Despite Mistimed Market Call

Macroeconomic and market forecasts are notoriously difficult, even for experienced hedge fund managers. What matters more than being right, however, is ensuring that incorrect...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.