Hedge Funds Come Roaring Back, But Redemptions Continue

Many hedge fund managers have been burned by investor redemptions since the last few months of 2018, but even though performance has improved dramatically this year, investors continue to claw back capital from funds. In fact, redemptions are overshadowing the performance-based gains recorded by some funds, although the first quarter saw a steep decline in redemptions compared to the fourth quarter.

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Hedge fund performance is back, but redemptions continue

The Eurekahedge Hedge Fund Index gained 1.06% in March and 4.36% for the first quarter, which was the strongest first quarter for the industry since the Global Financial Crisis. The global...