PREQIN QUARTERLY UPDATE: HEDGE FUNDS Q 2 Insight on the quarter from the leading provider of alternative assets data Content includes: Winners and Losers Performance Top Performing Funds Largest Fund Managers Fund Launches Fund Searches alternative assets. intelligent data.
PREQIN QUARTERLY UPDATE: HEDGE FUNDS, Q 2 FOREWORD There has been much discussion over the past two years about the perceived underperformance of hedge funds, with two-thirds of the investors Preqin interviewed at the end of 2 revealing that their hedge fund portfolios had failed to meet expectations over 2. However, the industry has enjoyed a run of strong returns since March 2, having made only one monthly loss during this time. As a result, the 2-month return of the Preqin All- Hedge Fund benchmark has gained.%, comfortably above the return expectations of most institutional investors tracked by Preqin. Despite the return to form of hedge funds in the past year, some institutional investors remain cautious when it comes to their hedge fund portfolios. As page shows, there are fewer investors searching for funds across most strategies. In particular, fewer investors have indicated a preference for macro strategies and CTAs. CTAs the only top-level hedge fund strategy to see any inflows in 2, gaining net inflows of more than $2bn in the year may find fundraising more difficult in 2 if this reduced appetite for CTAs continues into the rest of the year. CTAs have also had a disappointing start to 2 in regards to performance: these funds have lost.% over the course of Q 2, almost wiping out the small gains of.% made in 2. In this Preqin Quarterly Update, we take a closer look at some of the winners and losers in the hedge fund sector in the first quarter of 2. We have also introduced a new feature, top performing funds over the past 2 months, to highlight those funds that have been outperforming the market and delivering the highest returns to their investors. As well as this new content, we also look at the performance of the industry over the quarter, new funds launched, investor appetite and league tables of the largest fund managers in the hedge fund space. We hope you find this report useful and welcome any feedback you may have. For more information, please visit www.preqin.com or contact info@preqin.com. p p p p p Q 2 Winners and Losers Performance Top Performing Funds Performance Benchmarks Largest Fund Managers p Fund Launches in Q 2 p2 Fund Searches in Q 2 p Conferences HEDGE FUND ONLINE Hedge Fund Online is Preqin s flagship hedge fund information resource, incorporating all of our hedge fund data, intelligence and functionality, providing you with the most comprehensive coverage of the asset class available. Hedge Fund Online is updated on a daily basis by teams of skilled research analysts based around the globe, making it a vital source of data and information for fund managers, investors, service providers and other professionals seeking to keep up to date with the latest developments in the industry. Get in touch today to arrange a demo of Hedge Fund Online: : info@preqin.com : www.preqin.com/hedge All rights reserved. The entire contents of Preqin Quarterly Update: Hedge Funds, Q 2 are the Copyright of Preqin Ltd. No part of this publication or any information contained in it may be copied, transmitted by any electronic means, or stored in any electronic or other data storage medium, or printed or published in any document, report or publication, without the express prior written approval of Preqin Ltd. The information presented in Preqin Quarterly Update: Hedge Funds, Q 2 is for information purposes only and does not constitute and should not be construed as a solicitation or other offer, or recommendation to acquire or dispose of any investment or to engage in any other transaction, or as advice of any nature whatsoever. If the reader seeks advice rather than information then he should seek an independent financial advisor and hereby agrees that he will not hold Preqin Ltd. responsible in law or equity for any decisions of whatever nature the reader makes or refrains from making following its use of Preqin Quarterly Update: Hedge Funds, Q 2. While reasonable efforts have been made to obtain information from sources that are believed to be accurate, and to confirm the accuracy of such information wherever possible, Preqin Ltd. does not make any representation or warranty that the information or opinions contained in Preqin Quarterly Update: Hedge Funds, Q 2 are accurate, reliable, up-to-date or complete. Although every reasonable effort has been made to ensure the accuracy of this publication Preqin Ltd. does not accept any responsibility for any errors or omissions within Preqin Quarterly Update: Hedge Funds, Q 2 or for any expense or other loss alleged to have arisen in any way with a reader s use of this publication. Preqin Ltd. 2 / www.preqin.com
DOWNLOAD DATA PACK: www.preqin.com/quarterlyupdate Q 2 WINNERS AND LOSERS GOING UP EVENT DRIVEN STRATEGIES.2% Event driven strategies have generated the highest 2-month return (to March 2) of all top-level strategies. Event driven strategies were the only top-level strategy to see growth in investor appetite in Q 2 compared to Q 2 (% of all searches vs. %). Event driven strategies generated positive returns in each of the first three months of 2. Event driven strategies generated the second highest Q return of all toplevel hedge fund strategies (+.%). EMERGING MARKETS.% Emerging markets funds have outperformed developed markets (+.%) over the past 2 months. Funds from outside North America, Europe and Asia- Pacific represented 2% of all funds launched in Q 2, up from 2% in Q 2 Funds with a focus on Latin America have generated the highest returns of all emerging markets funds over the past 2 months (+.%). ASEAN Deep Value Fund - Class A has generated the highest return of all emerging markets-focused funds in Q 2 (+.2%). GOING DOWN CTAs -.% The Preqin All- CTA benchmark was underwater in the first quarter of the year. Just % of fund searches in Q 2 were for CTAs, down from 2% in the previous quarter. Despite performance difficulties, managers see more opportunities in the CTA space: % of funds launched in Q 2 were CTAs, up from % the previous quarter. Systematic CTAs had the worst start to the year, making losses of.% (compared with gains of.2% for discretionary CTAs). FUNDS OF HEDGE FUNDS No new fund of hedge funds vehicles were launched in Q 2. Just % of investor searches initiated in Q 2 included a commingled fund of hedge funds. Despite a decline in investor appetite for funds of hedge funds, multimanagers remain active in 2: % of fund searches were initiated by this group in the first quarter of the year. Funds of hedge funds have also had a successful start to the year in terms of performance, up 2.2% for Q 2.
PREQIN QUARTERLY UPDATE: HEDGE FUNDS, Q 2 PERFORMANCE Hedge funds had a strong start to 2: the Preqin All- hedge fund benchmark returned.2% for the first quarter of the year (Fig. ), its best start to a year since 2. The improved performance of the sector since Q2 2 has led to the 2-month return of the benchmark reaching.% (Fig. 2). All leading hedge fund strategies posted positive returns in the first quarter of the year, except CTAs, which lost.%, compounding the losses of.% and.% in Q and Q 2 respectively. Event driven strategies and equity strategies led the pack in regards to performance at the start of the year, making gains of.% and.% respectively (Fig. ). At the other end of the spectrum, relative value strategies had a relatively slow start to 2, posting just.2% over the quarter. However, relative value strategies have netted just one negative month of returns in the past 2 months (to March 2): a small loss of.2% in June 2. Funds with a focus on Asia-Pacific made the largest gains in Q 2 (Fig. ). Despite a difficult March, when funds focused on emerging markets lost.%, the performance of funds with a focus on emerging markets continues to outpace the returns of funds focused on developed markets. In Q 2, funds focused on emerging markets gained.% compared to 2.% generated by funds with a focus on developed markets. Similarly, in 2 emerging markets funds outperformed developed markets funds (.% vs..% respectively). Fig. : Performance of Hedge Funds in Q 2 by Structure* Net Return % % 2% % % -% -2%.2% Hedge Fund 2.2% 2.2% Fund of Hedge Funds UCITS Hedge Fund.% Alternative Mutual Fund -.% CTA -.2% Fund of CTAs Fig. : Single-Manager Hedge Fund Performance by Strategy* Jan- Feb- Mar- Q 2 Q 2 Equity.2% Event Driven.% Multi- Strategy.% Credit.% Relative Value.% Macro.% Equity.2% Event Driven.% Multi- Strategy.% Credit.% Macro.2% CTAs.% Equity.% Event Driven.% Credit.% Multi- Strategy.% Macro.% Relative Value.2% Equity.% Event Driven.% Multi- Strategy 2.2% Credit 2.% Macro.2% Relative Value.2% Event Driven.% Credit 2.% Relative Value.% Equity.% Multi- Strategy.2% Macro.2% Fig. 2: Performance of Hedge Funds vs. S&P PR Index* Net Return Fig. : Cumulative Returns of Hedge Funds in Q 2 by Geographic Focus* Cumulative Net Return % % 2% % % % % 2% % % % % % 2% % %.%.% 2.%.%.2%.2%.%.% Q2 2 Q 2 Q 2 Q 2 Hedge Funds.%.%.%.%.%.%.%.%.%.% 2.% 2.% 2.% Jan- Feb- Mar- North America Europe Asia-Pacific Developed Markets Emerging Markets 2 Months 2-Year Annualized -Year Annualized -Year Annualized S&P PR CTAs -.% Relative Value.2% CTAs -.% CTAs -.% CTAs -.% *Please note, all performance information includes preliminary data for March 2 based upon returns reported to Preqin in early April 2. Although stated trends and comparisons are not expected to alter significantly, final benchmark values are subject to change. Preqin Ltd. 2 / www.preqin.com
DOWNLOAD DATA PACK: www.preqin.com/quarterlyupdate TOP PERFORMING FUNDS Fig. : Net Returns of Top Performing Hedge Funds in the 2 Months to March 2 Fund Manager Headquarters Core Strategy 2-Month Return Rosalind Offshore Fund - Master Series Rosalind Advisors Canada Event Driven 2.% Rosalind Capital Partners - Class A Master Series Rosalind Advisors Canada Event Driven 2.% Adaws Eagle Fund Adaws Capital US Long/Short Equity.% Teraz Fund Spartan Fund Management Canada Long/Short Equity.% Armistice Capital Fund Armistice Capital US Long/Short Equity 2.% Fig. : Net Returns of Top Performing Equity Hedge Funds in the 2 Months to March 2 Fund Manager Headquarters Core Strategy 2-Month Return Adaws Eagle Fund Adaws Capital US Long/Short Equity.% Teraz Fund Spartan Fund Management Canada Long/Short Equity.% Armistice Capital Fund Armistice Capital US Long/Short Equity 2.% Front Street Canadian Energy Resource Fund - Series F Front Street Capital Canada Long/Short Equity.% Atyant Capital India Fund-I Atyant Capital US Value-Oriented.% Fig. : Net Returns of Top Performing Macro Hedge Funds in the 2 Months to March 2 Fund Manager Headquarters Core Strategy 2-Month Return Zafiro Capital Commodities Trading Fund Zafiro Capital Switzerland Commodities.2% SYW SYW Capital Management US Macro 2.2% Brasil Capital FIC FIA Brasil Capital Brazil Macro.% SPX Raptor Feeder SPX Capital Brazil Macro.2% Brasil Capital II FIC FIA Brasil Capital Brazil Macro.% Fig. : Net Returns of Top Performing Event Driven Hedge Funds in the 2 Months to March 2 Fund Manager Headquarters Core Strategy 2-Month Return Rosalind Offshore Fund - Master Series Rosalind Advisors Canada Event Driven 2.% Rosalind Capital Partners - Class A Master Series Rosalind Advisors Canada Event Driven 2.% Rosseau Fund Rosseau Asset Management Canada Event Driven.% Primevestfund - Class A Primevest Capital Corp Canada Special Situations.% MMCAP Canada Fund - Class I - CAD MM Asset Management Cayman Islands Event Driven.2% Fig. : Net Returns of Top Performing Credit Hedge Funds in the 2 Months to March 2 Fund Manager Headquarters Core Strategy 2-Month Return Serica Credit Balanced Fund Serica Partners Asia Hong Kong Long/Short Credit 2.% Kayne Anderson Infrastructure Income Fund, L.P. Kayne Anderson Capital Advisors US Fixed Income.% Chatham Asset High Yield Master Fund Chatham Asset Management US Long/Short Credit 2.% Whitebox Credit Partners, L.P. Whitebox Advisors LLC US Long/Short Credit 2.% PTAM Enhanced Structured Credit Fund Performance Trust Asset Management US Mortgage-Backed Fig. : Net Returns of Top Performing Relative Value Hedge Funds in the 2 Months to March 2 Fund Manager Headquarters Core Strategy 2-Month Return RYJ Fund RYJ Capital Management US Statistical Arbitrage.% Gondor Partners, LP Gondor Capital Management US Equity Market Neutral 2.% Malta Market Neutral Fund Maltese Capital Management US Equity Market Neutral 2.22% Wolverine Flagship Fund Trading Limited Wolverine Asset Management US Capital Structure Arbitrage.% Bresser Plus Hedge Fund Bresser Asset Management Brazil Relative Value Arbitrage.2%.2%
PREQIN QUARTERLY UPDATE: HEDGE FUNDS, Q 2 Fig. : Net Returns of Top Performing Multi-Strategy Hedge Funds in the 2 Months to March 2 Fund Manager Headquarters Core Strategy 2-Month Return Catalyst/SMH Total Return Income Fund - Class I Catalyst Funds US Multi-Strategy.% Whitebox Relative Value Partners, L.P. Whitebox Advisors LLC US Multi-Strategy 2.% Ewing Morris Opportunities Fund LP Ewing Morris & Co. Investment Partners Canada Multi-Strategy 22.% Whitebox Multi-Strategy Fund LP Whitebox Advisors LLC US Multi-Strategy 2.% Wexford Offshore Spectrum Fund - Class C Wexford Capital LP US Multi-Strategy.% Fig. 2: Net Returns of Top Performing CTAs in the 2 Months to March 2 Fund Manager Headquarters Core Strategy 2-Month Return ALPHA Z Futures Fund LLC Alpha Z Advisors LLC US Managed Futures/CTA.2% DeltaHedge VIXVOX Program DeltaHedge Italy Managed Futures/CTA.% FX Momentum Hallenborg & Sandström Fund Management Sweden Managed Futures/CTA.% Dutch Darlings Fund Inmaxxa Netherlands Managed Futures/CTA.% Navajo White Indian Trading Company US Managed Futures/CTA 2.2% Fig. : Net Returns of Top Performing North America-Based Hedge Funds in the 2 Months to March 2 Fund Manager Headquarters Core Strategy 2-Month Return Rosalind Offshore Fund - Master Series Rosalind Advisors Canada Event Driven 2.% Rosalind Capital Partners - Class A Master Series Rosalind Advisors Canada Event Driven 2.% Adaws Eagle Fund Adaws Capital US Long/Short Equity.% Teraz Fund Spartan Fund Management Canada Long/Short Equity.% Armistice Capital Fund Armistice Capital US Long/Short Equity 2.% Fig. : Net Returns of Top Performing Europe-Based Hedge Funds in the 2 Months to March 2 Fund Manager Headquarters Core Strategy 2-Month Return Global Advisors Bitcoin Investment Fund Global Advisors Jersey Niche.% Zafiro Capital Commodities Trading Fund Zafiro Capital Switzerland Commodities.2% Teleios Global Opportunities Fund, LP Teleios Capital Partners Switzerland Event Driven 2.% Melqart Opportunities Fund Melqart Asset Management UK Event Driven 2.% Northglen Aggressive SP Slater Investments UK Long Bias 2.% Fig. : Net Returns of Top Performing Asia-Pacific-Based Hedge Funds in the 2 Months to March 2 Fund Manager Headquarters Core Strategy 2-Month Return Redart Focus Fund Redart Capital India Long/Short Equity, Value-Oriented.% ASEAN Deep Value Fund - Class A ASEAN Investment Management Hong Kong Long Bias.% Attunga Power & Enviro Fund Attunga Capital Australia Niche 2.% Serica Credit Balanced Fund Serica Partners Asia Hong Kong Long/Short Credit 2.% AFC Asia Frontier Fund - CHF-B Asia Frontier Capital Hong Kong Long Bias.% Fig. : Net Returns of Top Performing Rest of World-Based Hedge Funds in the 2 Months to March 2 Fund Manager Headquarters Core Strategy 2-Month Return FAMA Brazil Cayman Feeder Fund FAMA Investimentos Brazil Long Bias, Value- Oriented.% SPX Raptor Feeder SPX Capital Brazil Macro.2% Brasil Capital FIC FIA Brasil Capital Brazil Macro.% Oceana Selection FIA Oceana Investimentos Brazil Value-Oriented.% Oceana Valor FIA Oceana Investimentos Brazil Value-Oriented.% Preqin Ltd. 2 / www.preqin.com
DOWNLOAD DATA PACK: www.preqin.com/quarterlyupdate PERFORMANCE BENCHMARKS Fig. : Summary of Q 2 Performance Benchmarks (Net Return, %)* Benchmark Name Jan- Feb- Mar- Q 2 2 Months -Year Annualized Hedge Fund...2.2.. HF - Equity.2.2...2. HF - Event Driven.....2. HF - Relative Value..2.2.2.. HF - Macro..2..2..2 HF - Multi-Strategy... 2.2.. HF - Credit... 2... Activist...... Volatility....2..2 Discretionary...... Systematic... 2... HF - North America.2.2. 2... HF - Europe... 2... HF - Asia-Pacific...... HF - Developed Markets... 2... HF - Emerging Markets 2...2... HF - USD.... 2.2. HF - EUR...... HF - GBP.....2. HF - BRL 2......2 HF - Emerging (Less than $mn)..2..2 2.. HF - Small ($-mn)... 2... HF - Medium ($-mn)... 2... HF - Large ($bn or More)...2... Fund of Hedge Funds... 2.2. 2. FOHF - Equity...2.. 2. FOHF - Multi-Strategy.....2. FOHF - USD.2.. 2... Alternative Mutual Fund.. -.... UCITS... 2.2.. UCITS - Equity...2.. 2. UCITS - Relative Value..2.. 2.. UCITS - Macro -.. -.... UCITS - USD.2.. 2...2 UCITS - EUR......2 CTA -.. -. -. -.. Discretionary -..2..2. 2. Systematic -..2 -. -. -.2. CTA - USD -.. -. -.2 -..2 CTA - EUR -.. -. -. -.. *Please note, all performance information includes preliminary data for March 2 based upon returns reported to Preqin in early April 2. Although stated trends and comparisons are not expected to alter significantly, final benchmark values are subject to change.
PREQIN QUARTERLY UPDATE: HEDGE FUNDS, Q 2 LARGEST FUND MANAGERS Fig. : Largest Hedge Fund Managers by Assets under Management Manager Location Year Established Assets under Management Bridgewater Associates US $.bn as at December 2 AQR Capital Management US $.bn as at December 2 Man Group UK $.bn as at December 2 Renaissance Technologies US 2 $.bn as at December 2 Millennium Management US $.bn as at December 2 Standard Life Investments UK 2 $.bn as at December 2 Och-Ziff Capital Management US $.bn as at January 2 Winton Capital Management UK $2.bn as at December 2 Baupost Group US 2 $.bn as at December 2 Elliott Management US $.bn as at December 2 Viking Global Investors US $.2bn as at December 2 Two Sigma Investments US 2 $2.bn as at June 2 Adage Capital Management US 2 $2.bn as at December 2 BlackRock Alternative Investors US 2 $2.bn as at December 2 Marshall Wace UK $2.bn as at December 2 Citadel Advisors US $2.bn as at December 2 D.E. Shaw & Co. US $2.bn as at January 2 Davidson Kempner Capital Management US $2.bn as at December 2 Farallon Capital Management US $22.bn as at December 2 GAM UK $.bn as at December 2 Fig. : Largest Fund of Hedge Funds Managers by Assets under Management Manager Location Year Established Assets under Management Blackstone Alternative Asset Management US $.bn as at December 2 UBS Hedge Fund Solutions US 2 $.bn as at December 2 Goldman Sachs Asset Management US $2.bn as at June 2 HSBC Alternative Investments UK $2.bn as at December 2 Grosvenor Capital Management US $2.bn as at December 2 EnTrustPermal US $2.2bn as at December 2 Morgan Stanley Alternative Investment Partners US 2 $22.bn as at December 2 BlackRock Alternative Advisors US $2.bn as at December 2 J.P. Morgan Alternative Asset Management US $.bn as at December 2 Man FRM UK $2.bn as at December 2 Rock Creek Group US 22 $.bn as at September 2 SkyBridge Capital US 2 $.bn as at December 2 Aberdeen Asset Management UK $.bn as at December 2 LGT Capital Partners Switzerland $.bn as at December 2 Aetos Capital US 2 $.bn as at December 2 Mesirow Advanced US $.bn as at December 2 Credit Suisse Alternative Funds Solutions US $.bn as at December 2 PAAMCO US 2 $.bn as at December 2 KKR Prisma US 2 $.bn as at December 2 K2 Advisors US $.bn as at December 2 Preqin Ltd. 2 / www.preqin.com
PREQIN QUARTERLY UPDATE: HEDGE FUNDS, Q 2 FUND LAUNCHES IN Q 2 The first quarter of 2 saw 2 hedge fund launches, with single-manager funds accounting for % of that figure (Fig. 2). Preqin s Q Hedge Fund Asset Flows report showed that CTAs were the only strategy that saw inflows of capital throughout 2 (+$2bn). Fund managers, in turn, have seen more opportunity in the space, as CTAs account for an increasing proportion of launches (from % in Q 2 to % in Q 2). North America-based managers represented the majority (%) of hedge fund launches in Q 2, while Europe-based funds accounted for % (Fig. 2). Funds focused on emerging markets have enjoyed strong performance in the past 2 months (+.% to March 2), and fund managers continue to see opportunities, with managers based outside North America, Europe and Asia- Pacific representing 2% of new fund launches in Q 2, up from 2% in Q 2. There has been significant growth in the proportion of launches focusing on Europe (% in Q 2 vs. 2% in Q 2). Following the Brexit decision and subsequent triggering of Article, other significant geopolitical events in Europe in 2 are creating opportunities for fund managers to generate strong returns in 2. Relative value strategies have seen a significant increase in launches for the quarter to represent %, nearly double the proportion from Q 2 (%), as increased volatility across global markets is perhaps creating more opportunities for arbitrage strategies (Fig. 2). In contrast, the first quarter of 2 has seen the smallest proportion of event driven strategies since Q 22 at %. Fig. 2: Hedge Fund Launches in Q 2 by Structure Fig. 2: Hedge Fund Launches in Q 2 by Manager Location % 2% % Hedge Fund % North America UCITS CTA % Europe Asia-Pacific % Rest of World % Fig. 22: Hedge Fund Launches by Geographic Focus, Q2 2 - Q 2 Proportion of Fund Launches % % % % % % % % 2% % % % % % % % 2% % % % 2% % 2% 2% 2% % % % % % Global Emerging Markets Asia-Pacific Europe North America Q2 2 Q 2 Q 2 Q 2 Fig. 2: Hedge Fund Launches by Core Strategy, Q2 2 - Q 2 Proportion of Fund Launches % % % % % % % % 2% % % % % % % 2% % % % % % % % 2% % % % % % % % % % % % % % % 2% % % % Niche Multi-Strategy Managed Futures/CTA Relative Value Credit Event Driven Macro Equity Q2 2 Q 2 Q 2 Q 2 Preqin Ltd. 2 / www.preqin.com
DOWNLOAD DATA PACK: www.preqin.com/quarterlyupdate FUND SEARCHES IN Q 2 Preqin added 2 new investor fund searches to the Fund Searches and Mandates feature on Hedge Fund Online during Q 2. The largest proportion (%) of investors issuing fund searches in the quarter were based in North America, followed by investors based in Europe (%, Fig. 2). Long/short equity remains the most sought-after strategy by hedge fund investors, as targeted by a third of active investors (Fig. 2); however, this has declined by eight percentage points since Q 2. The 2-month return of macro strategies and CTAs has fallen behind most other leading benchmarks (see page ); this may have led to the drop in their share of fund searches issued from Q 2. Conversely, having ended 2 as one of the top performing strategies over the course of the year, demand for event driven strategies funds has risen: the strategy represented % of investor searches initiated in Q 2, up from % in Q 2. The majority (%) of searches issued by institutional investors in Q 2 were for commingled direct hedge fund vehicles (Fig. 2). As demonstrated by Fig. 2, fund of hedge funds managers made up the largest proportion (%) of investors initiating searches during Q 2. Private wealth institutions continued to feature heavily, with family offices and wealth managers together representing 2% of fund searches. Fig. 2: Hedge Fund Searches Issued in Q 2 by Investor Location % % % % North America Europe Asia-Pacific Rest of World Fig. 2: Hedge Fund Sought by Investors over the Next 2 Months, Searches Issued in Q 2 vs. Q 2 Proportion of Fund Searches % % % % 2% 2% % % % % % % 2% Long/Short Equity % % % % % % % % % % % % % % % % Macro Event Driven Equity Market Neutral Multi-Strategy Relative Value Arbitrage Fixed Income 2% Managed Futures/CTA Long/Short Credit Distressed Q 2 Q 2 Strategy Fig. 2: Hedge Fund Structures Sought by Investors over the Next 2 Months, Searches Issued in Q 2 Proportion of Fund Searches % % % % % % % 2% % % % Commingled - Direct % UCITS % % Managed Account - Direct Commingled - FOHF % % Alternative Mutual Fund Managed Account - FOHF Structure Fig. 2: Hedge Fund Searches Issued in Q 2 by Investor Type % % % % % % % % Fund of Hedge Funds Manager Family Office Asset Manager Wealth Manager Private Sector Pension Fund Endowment Plan Public Pension Fund Other 2
HOW PREQIN CAN HELP YOU FUNDRAISE IN 2 Although there are more institutional investors than ever currently investing in hedge funds over, globally fundraising in 2 is undoubtedly challenging. The net outflows of $bn seen in 2 look set to continue in 2: twice as many investors plan to reduce their exposure to hedge funds over the coming year than plan to increase it. Despite this, there are opportunities to grow your fund over the course of 2 with industry-leading data and tools, Preqin will help you in finding those investors looking for new hedge funds today. PREQIN IS HELPING RAISE CAPITAL FOR HEDGE FUNDS TODAY 2 2 2 2 2 2 2, investment professionals in + countries use Preqin s data. out of the top hedge funds that saw the largest inflows in 2 rely on Preqin data. 2.x Preqin clients raised more than twice as much capital in 2 than all other funds*. HOW PREQIN HELPS TO RAISE CAPITAL FOR HEDGE FUNDS We have 2 multilingual research analysts based in the US, London, Hong Kong and Singapore. Each month our team have thousands of conversations with investors to find out more about their alternative investments. With researchers on the ground, Preqin is the first to find out the latest hedge fund searches among the,+ institutions tracked by Preqin globally. Our fully searchable database allows you to target those investors interested in your fund and to find contact details for more than 2, key decision makers at these institutions. *Of the firms that saw inflows in 2, Preqin clients, on average, raised $mn compared to $mn for all other funds. alternative assets. intelligent data.
DOWNLOAD DATA PACK: www.preqin.com/quarterlyupdate CONFERENCES APRIL 2 Conference Dates Location Organizer Preqin Speaker Discount Code Impact Investing Forum 2 2-2 April 2 Boca Raton, FL Opal Financial Group - - FundForum Asia 2-2 April 2 Hong Kong KNect Amy Bensted - Latin Private Wealth Management Summit 2-2 April 2 Panama City marcus evans Summits - - CTA Expo New York 2 April 2 New York CTA Expo - - MAY 2 Conference Dates Location Organizer Preqin Speaker Discount Code African Pension & Sovereign Wealth Fund Leaders Summit Hedge Fund Emerging and Startup Manager Forum London Cap Intro: Alternative Investing Funds WEST May 2 San Francisco European Pensions and Investments Summit 2 2 May 2 Durban Africa Investor - - May 2 London KNect - - May 2 Montreux Catalyst Financial Partners marcus evans Summits % Discount - FKWPQNL - - - - The SALT Conference - May 2 Las Vegas SkyBridge Capital - - CAIA Chapter Event May 2 Zurich CAIA Elliot Bradbrook - ASK 2 Hedge Fund & Multi Asset Summit May 2 Seoul The Korea Economic Daily Amy Bensted - Middle East Investment Summit 2 22-2 May 2 Dubai Terrapinn - - JUNE 2 Conference Dates Location Organizer Preqin Speaker Discount Code Private Wealth Management Summit 2 - June 2 Orlando, FL marcus evans Summits - - GAIM - June 2 London KNect Amy Bensted - Elite Summit 2 - June 2 Montreux marcus evans Summits - - AIMA Japan Annual Forum 2 June 2 Tokyo AIMA - - FundForum International 2 - June 2 Berlin KNect Amy Bensted - Cap Intro: Multi-Fund fintech Platforms Alternative Investing June 2 New York Catalyst Financial Partners - - MFA Forum 2 June 2 Chicago MFA Amy Bensted - ALPHA China Forum 2 June 2 Shanghai The Investor Talks - -
PREQIN QUARTERLY UPDATE: HEDGE FUNDS, Q 2 MIDDLE EAST INVESTMENT SUMMIT 2 DATE: - June 2 INFORMATION: https://finance.knect.com/gaim/?vip_code=fkn2prqcl&utm_source=preqin_newsletter&utm_medium=newsletter&utm_campaign=fkn2-preqin-newsletter&utm_content=fkn2prqcl&tracker_id=fkn2prqcl LOCATION: Hilton Syon Park, London ORGANIZER: KNect GAIM, Europe s preeminent alternative investment conference, is back for its 2rd year. Attend for your opportunity to meet and engage with a community of + alternative investment professionals, including managers, investors and allocators, and key industry service providers. DATE: 22-2 May 2 INFORMATION: http://www.terrapinn.com/conference/middle-east-investment-summit/index.stm?utm_source=preqin&utm_campaign=op-preqin&utm_medium=op&utm_term=third-party&utm_content=listing LOCATION: The Ritz-Carlton, DIFC, Dubai ORGANIZER: Terrapinn The Middle East Investment Summit is the only platform to grow your network, share expertise, and learn about the trends shaping 2. An exclusive opportunity for sovereign wealth funds, pension funds, family offices, economists and high level fund managers to meet in one place to strategise and establish valuable relationships. GAIM In 2, GAIM will be co-located with GAIM Ops London, the hedge fund industry s leading operations and compliance event in Europe for CCOs, COOs, Heads of Operational Due Diligence, General Counsel and CFOs. ALPHA CHINA FORUM DATE: 2 June 2 INFORMATION: LOCATION: ORGANIZER: www.theinvestortalks.org Shanghai The Investor Talks ALPHA China Forum is China s most influential international conference in the alternative investments industry. The conference will feature the international and domestic leading industry professionals in developing and dealing with institutional investors, including pensions, private banking, wealth management,hedge funds managers, asset manager, private equity, institutional investors etc. Preqin Ltd. 2 / www.preqin.com
HEDGE FUND ONLINE With global coverage and detailed information on all aspects of the hedge fund asset class, Preqin s industry-leading Hedge Fund Online service keeps you up-to-date on all the latest developments in the hedge fund universe. Find out how Preqin s range of hedge fund products and services can help you: www.preqin.com/hfo New York London Singapore San Francisco Hong Kong Manila alternative assets. intelligent data.