HEDGE FUNDSPOTLIGHT - Preqin · Old Mutual Global Equity Absolute Return Fund is the largest active...
Transcript of HEDGE FUNDSPOTLIGHT - Preqin · Old Mutual Global Equity Absolute Return Fund is the largest active...
HEDGE FUNDS IN CHICAGO
In this factsheet we use the data available on Preqin's online platform to reveal the key statistics surrounding hedge fund activity in Chicago, including the sizes and types of investors active in the industry as well as fund launches and liquidations over the past 10 years.
Find out more on page 9
HEDGE FUND
SPOTLIGHTVOLUME 10, ISSUE 5 ■ JUNE 2018
IN THIS ISSUE THE BIGGEST HEDGE FUND LAUNCHES OF 2018
This feature focuses on the biggest hedge fund launches in the year so far, listing these funds' investment preferences and plans as well as their competition in the market and possible investors.
Find out more on page 2
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FEATURE The Biggest Hedge Fund Launches of 2018
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INDUSTRY NEWS 6
THE FACTS■ Performance Benchmarks■ Hedge Funds in Chicago■ Hedge Funds in Europe■ Fund Searches and Mandates
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CONFERENCES 14
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PREQIN MARKETS IN FOCUS:ALTERNATIVE ASSETS IN EUROPEJune 2018
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THE BIGGEST HEDGE FUND LAUNCHES OF 2018
© Preqin Ltd. 2018 / www.preqin.com2 Hedge Fund Spotlight | June 2018
THE BIGGEST HEDGE FUND LAUNCHES OF 2018
Of the 183 hedge funds that have launched so far in 2018, three have managed to attract a combined $14bn. The firms responsible for these funds are ExodusPoint Capital Management, D1 Capital and Kirkoswald Capital Partners. Point72 Asset Management, run
by industry behemoth Steve Cohen, also opened up to investor capital in early 2018, and manages an estimated $12bn ($9bn of these assets are continued from its time as a family office).
In this special feature we examine what we know about hedge fund launches in 2018 so far and, using data taken from Preqin’s online platform, examine how these funds stack up to their competitors as well as where new assets could come from.
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Niche Strategies
Multi-Strategy
Managed Futures/CTA
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Source: PreqinYear of Inception
Fig. 3: Hedge Fund Launches by Top-Level Strategy and Year of Inception, 2013 - 2018 YTD (As at June 2018)
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Preqin's online platform incorporates all of our hedge fund data, intelligence and functionality. Updated on a daily basis by teams of skilled research analysts based around the globe, the platform is a vital source of data and information for fund managers, investors, service providers and other professionals in the industry.
Search for detailed profiles on over 9,500 hedge fund managers around the world, view data on over 16,000 hedge funds that are currently raising capital or access industry benchmarks by strategy, geographic focus, fund size and more. For more information, please visit:
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PREQIN’S ONLINE PLATFORM
154192
242 253277
337299
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Source: PreqinYear Established
Fig. 1: Hedge Fund Managers by Year Established, 2000 - 2018 YTD (As at June 2018)
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Source: Preqin
Year of Inception/Liquidation
Fig. 2: Hedge Fund Launches and Liquidations by Year of Inception/Liquidation, 2000 - 2018 YTD (As at June 2018)
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THE BIGGEST HEDGE FUND LAUNCHES OF 2018
© Preqin Ltd. 2018 / www.preqin.com3 Hedge Fund Spotlight | June 2018
FIRMD1 Capital
FUNDD1 Capital Partners
STRATEGYLong/Short Equity
LOCATIONNew York, US
KEY PERSON(S)Daniel Sundheim
ABOUT: D1 Capital was founded in 2017 by former Viking Global Investors CIO, Daniel Sundheim, and is headquartered in New York.
THE FUND: In July 2018, D1 Capital will launch D1 Capital Partners, a long/short equity hedge fund with $4bn in AUM. The vehicle will take 20-30 long positions with an equivalent or greater amount of short positions, and will also invest in private equity through a side pocket. Investors can choose between different fee options, with a management fee of 1.00-1.75% and a performance fee of 20.00-25.00%.
THE COMPETITION
■ Fifty-one other long/short-equity focused funds have launched so far in 2018.
■ There are 20 other long/short equity funds with $4bn or more in AUM, of which 17 are open to investment.
■ Equity funds saw $7.6bn in net outflows in Q1 2018; 42% of equity funds saw inflows over this period.
■ Old Mutual Global Equity Absolute Return Fund is the largest active long/short equity fund open to investment with $15bn in AUM, with Switzerland-based EFG Asset Management among its investors.
POSSIBLE INVESTORS
■ There are 263 investors currently searching for long/short equity funds in 2018.
■ Among these is CIR Group, which will look to invest in long/short equity and macro funds in 2018 with a preference for US-based managers.
■ Preqin tracks 98 investors currently investing in Sundheim’s former firm, Viking Global Investors, 21 of which have expressed an interest in investing in spin-off firms.
D1 CAPITAL
EXODUSPOINT CAPITAL MANAGEMENT
FIRMExodusPoint
Capital Management
FUNDExodusPoint
Partners Master Fund
STRATEGYMulti-Strategy
LOCATIONNew York, US
KEY PERSON(S)Michael GelbandHyung Soo Lee
ABOUT: New York-based ExodusPoint Capital Management was established in 2017 by former Millennium Management executives Michael Gelband and Hyung Soo Lee.
THE FUND: The firm raised $8bn for its debut investment vehicle ExodusPoint Partners Master Fund, which is reportedly the largest hedge fund launch of all time. The multi-strategy hedge fund trades equities, options, derivatives, debt instruments and commodities, but will also encompass other types of strategies, including credit, equity, event driven and macro.
THE COMPETITION
■ Fourteen other multi-strategy hedge funds have launched so far in 2018.
■ There are six other multi-strategy-focused hedge funds with $8bn or more in AUM, of which four are open to investment.
■ Multi-strategy funds saw $0.5bn in net outflows in Q1 2018, and 45% of multi-strategy funds saw inflows over this period.
■ Standard Life Global Absolute Return Strategies Fund is the largest active multi-strategy fund open to investment with £21bn in AUM.
POSSIBLE INVESTORS
■ There are 152 investors currently searching for multi-strategy funds in 2018.
■ Among these is UK-based pension fund RHM Pension Scheme, which is looking for new funds over 2018. The pension fund invests directly and prefers multi-strategy vehicles.
■ Preqin tracks 71 investors that currently invest in Gelband’s former firm, Millennium Management, 16 of which have expressed interest in spin-off firms.
THE BIGGEST HEDGE FUND LAUNCHES OF 2018
© Preqin Ltd. 2018 / www.preqin.com4 Hedge Fund Spotlight | June 2018
FIRMPoint72 Asset Management
FUNDSCubist Core Investments,
Cubist Short Horizon Investments I & II,
Point72 Associates I & II, Point72 Domestic
Investments, Point72 Global Macro
Investments
STRATEGIESLong/Short Equity,
Macro, Multi-Strategy
LOCATIONConnecticut, US
KEY PERSON(S)Steve Cohen
ABOUT: Industry veteran and former SAC Capital Advisors founder, Steve Cohen, created Point72 Asset Management in 2014 as a family office. Following a two-year ban, the firm opened up to external capital in 2018, and currently manages $3bn in AUM.
THE FUND: In January 2018, the firm launched seven hedge funds which, between them, employ three core strategies: long/short equity, macro and multi-strategy. Each fund has a 2.75% management fee and a performance fee of 10.00-30.00%.
THE COMPETITION
■ Eighty-two other long/short equity, macro and multi-strategy funds have launched so far in 2018.
■ Luxor Capital Partners is a long/short equity fund with $3bn in AUM targeting investments globally. The fund’s investors include many pension funds, including New York City Police Pension Fund.
POSSIBLE INVESTORS
■ There are 272 investors currently searching for long/short equity, macro and multi-strategy funds in 2018.
■ New York Presbyterian Hospital will target event driven, long/short equity, multi-strategy and relative value arbitrage funds in 2018, focusing on North America and Europe.
POINT72 ASSET MANAGEMENT
FIRMKirkoswald
Capital Partners
FUNDKirkoswald Global
Macro Master Fund
STRATEGYMacro
LOCATIONLondon, UK
KEY PERSON(S)Greg Coffey
ABOUT: Formerly known as Abbeville Partners, Kirkoswald Capital Partners is a global macro hedge fund manager based in London. In 2018, Greg Coffey – the so-called “Wizard of Oz” – joined the Abbeville team with seed capital from Moore Capital Management’s founder, Louis Bacon, and rebranded the firm to Kirkoswald Capital Partners.
THE FUND: In May 2018, the firm launched Kirkoswald Global Macro Master Fund, a $2bn global macro hedge fund with an emerging markets bias and a discretionary approach. The fund was reportedly backed by Coffey’s former Moore Capital Management boss, Louis Bacon.
THE COMPETITION
■ Twenty-four other macro-focused hedge funds have launched so far in 2018.
■ There are 30 other macro-focused hedge funds with $2bn or more in AUM, of which 21 are open to investment.
■ Macro funds saw $1.3bn in net outflows in Q1 2018, and 48% of macro funds saw inflows over this period.
■ Eaton Vance Global Macro Absolute Return Advantage Fund, a ’40 Act fund which invests in both developed and emerging markets, saw fresh investment from Pennsylvania State Employees’ Retirement System in Q1 2018.
POSSIBLE INVESTORS
■ There are 161 investors currently searching for macro-focused funds in 2018.
■ Church Commissioners for England is currently assessing macro strategies alongside quant and long/short equity for potential investment in 2018.
■ Preqin tracks 57 investors currently investing in Coffey’s former firm, Moore Capital Management. Seventeen of these investors have expressed an interest in investing in spin-off firms.
KIRKOSWALD CAPITAL PARTNERS
THE FACTS
© Preqin Ltd. 2018 / www.preqin.com5 Hedge Fund Spotlight | June 2018
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INDUSTRY NEWS
© Preqin Ltd. 2018 / www.preqin.com6 Hedge Fund Spotlight | June 2018
INDUSTRY NEWS
EVENT DRIVEN FUNDS POST GAINS IN MAY 2018
Following another positive month of returns, we take a closer look at event driven strategies funds that beat the market in May 2018, as well as investor searches initiated in the second quarter of the year.
As shown in the chart above, North America-based hedge funds saw outflows amounting to €23bn in H2 2017, almost wiping out the positive flows of H1. By contrast, Europe-based hedge funds saw net inflows of €24bn across the whole of 2017.
The positive inflows in Europe in 2017 are translating into a more active 2018 when it comes to new European products hitting the market, as it appears that managers in Europe are anticipating more opportunities. As seen in Preqin's November 2017 survey of hedge fund managers, 39% of Europe-based managers reported they had a new launch planned for 2018; conversely, just 23% of North America-based hedge fund managers reported the same.
Even though managers and investors alike in Europe are facing challenges, the outlook is positive: both more funds are expected to launch and more capital is expected to flow into hedge funds from Europe-based investors and funds.
For more information, please see our recently released Preqin Markets in Focus: Alternative Assets in Europe report.
CHART OF THE MONTH
Event driven strategies outperformed all other top-level strategies for the second consecutive month, with gains of 1.61% in May. Among these funds is Numen Credit Opportunities Master Fund, which generated the highest individual return (+14.71%) of the month. Managed by London-based Numen Capital, the special situations-focused hedge fund was launched in November 2008, and primarily focuses on opportunities in Europe.
Another fund that generated strong returns in May is Accendo Capital, a €74mn fund focused on investments in small- and mid-sized publicly listed companies in Northern Europe that are driving or benefitting from technological innovation, which returned 8.41%.
Black Crane Asia Opportunities Fund, which is managed by Hong Kong-based Black Crane Capital, posted gains of 7.93% in May. The vehicle looks to take a mixture of long and short positions on investment opportunities across Asia, with a time horizon of 6-24 months.
Systematic Absolute Return, a Switzerland-based fund of hedge funds manager, is planning to invest in 20-25 hedge funds in the next 12 months across a globally diversified set of strategies.
Germany-based asset manager KONTOR STÖWER Asset Management will target single-manager vehicles focused on special situations and macro strategies in Europe, and will use a mixture of new and existing managers in its portfolio.
Valida Pension Management expects to invest in three hedge funds in the next 12 months using new managers it has not previously worked with. The Austria-based corporate pension fund will focus on macro strategies and managed futures/CTAs with a global reach, typically investing €50-100mn per hedge fund.
EUROPE-BASED INVESTOR SEARCHES ISSUED IN 2018
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Source: Preqin Markets in Focus: Alternative Assets in Europe
Net
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low
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Asset Flows: Europe- vs. North America-Based Hedge Funds, Q1 2017 - Q4 2017
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PRIVATE EQUITY* HEDGE FUNDS REAL ESTATE INFRASTRUCTURE PRIVATE DEBT NATURAL
RESOURCES
INVESTORCOVERAGE
7,284Active
Private Equity LPs
5,497Active
Hedge Fund Investors
6,549Active
Real Estate LPs
3,462Active
InfrastructureLPs
3,351Active
Private Debt Investors
3,411Active
Natural Resources Investors
FUNDCOVERAGE
20,841Private Equity
Funds
26,539Hedge Funds
7,343PE Real Estate
Funds
1,343Infrastructure
Funds
2,648Private Debt
Funds
2,068Natural Resources
Funds
FIRMCOVERAGE
15,149Private Equity Firms
9,651Hedge Fund
Firms
5,044PE Real Estate
Firms
563Infrastructure
Firms
1,666Private Debt
Firms
1,072Natural Resources
Firms
PERFORMANCECOVERAGE
6,170Private Equity
Funds
18,678Hedge Funds
1,873PE Real
Estate Funds
276Infrastructure
Funds
890Private Debt
Funds
582Natural Resources
Funds
FUNDRAISINGCOVERAGE
2,901Private Equity
Funds
17,516Hedge Funds
1,274PE Real
Estate Funds
183Infrastructure
Funds
368Private Debt
Funds
268Natural Resources
Funds
Alternatives Investment Consultants Coverage:
581Consultants Tracked
Funds Terms Coverage: Analysis Based on Data for Around
18,161Funds
Best Contacts: Carefully Selected from our Database of over
463,226Contacts
2015 Annual CAIA CorporateRecognition Award Winner
As at 1st June 2018
ALTERNATIVES COVERAGE
FIRMS FUNDS FUNDS OPEN TO INVESTMENT
INVESTORSMONITORED
FUNDS WITH PERFORMANCE DEALS & EXITS
33,145 60,782 22,510 16,649 28,469 343,345
DEALS & EXITSCOVERAGE
BUYOUT VENTURE CAPITAL REAL ESTATE INFRASTRUCTURE PRIVATE DEBT
89,018Buyout Deals and Exits
161,642Venture Capital Deals
and Exits
55,947Real Estate Deals
28,224Infrastructure Deals
8,514Private Debt Deals
THE FACTS
© Preqin Ltd. 2018 / www.preqin.com8 Hedge Fund Spotlight | June 2018
SINGLE-MANAGERHEDGE FUNDS May-18 Apr-18 2018 YTD 12 Months 12M Trend
Hedge Funds 0.49 0.70 1.43 8.12
HF - Event Driven Strategies 1.61 0.47 2.25 7.72HF - Equity Strategies 0.81 0.76 1.63 10.39HF - Relative Value 0.20 0.59 1.22 3.83HF - Macro Strategies 0.04 0.39 0.83 4.59HF - Credit Strategies -0.18 0.35 1.61 5.10HF - Multi-Strategy -0.56 0.81 0.80 6.92Activist 1.34 0.99 2.01 8.82Discretionary 1.12 0.70 2.23 9.13Volatility 0.22 0.65 0.39 5.80Systematic -0.41 0.36 0.20 4.99HF - North America 1.92 0.62 2.88 8.84HF - Europe 1.07 1.56 2.12 5.39HF - Developed Markets 0.86 0.38 1.75 6.71HF - Asia-Pacific 0.06 -0.02 -0.10 10.48HF - Emerging Markets -1.71 0.20 0.21 8.26HF - GBP 1.17 1.13 1.68 4.58HF - EUR 1.04 0.65 1.13 3.02HF - USD 0.76 0.48 1.56 8.49HF - JPY -1.22 0.83 -1.88 6.04HF - BRL -2.43 1.24 2.44 12.26HF - Large* 0.78 0.61 2.26 6.88HF - Small* 0.46 0.38 1.91 8.67HF - Emerging* 0.39 0.73 0.86 7.94HF - Medium* 0.13 0.83 2.10 7.96
Source: Preqin
Preqin’s online platform is the leading source of intelligence on the hedge fund industry, and contains performance information for over 16,000 hedge funds across all leading strategies and geographies.
For more information, or to arrange a demonstration, please visit:
www.preqin.com/hedgefunds
PREQIN’S HEDGE FUND DATA
Please note, all performance information includes preliminary data for May 2018 based on net returns reported to Preqin in early June 2018. Although stated trends and comparisons are not expected to alter significantly, final benchmark values are subject to change.
*Preqin fund size classifications: Emerging (less than $100mn); Small ($100-499mn); Medium ($500-999mn); Large ($1bn plus).
LIQUID ALTERNATIVES May-18 Apr-18 2018 YTD 12 Months 12M Trend
Alternative Mutual Funds 1.15 0.43 0.91 5.10
UCITS -0.52 0.37 -0.62 2.12
UCITS - Relative Value 0.14 -0.10 0.02 0.75UCITS - Equity Strategies -0.22 0.67 0.12 5.10UCITS - Macro Strategies -1.90 0.87 -1.22 -0.22UCITS - EUR -0.42 0.49 -0.76 1.07UCITS - USD -0.57 0.10 -0.04 4.73
Source: Preqin
CTAS May-18 Apr-18 2018 YTD 12 Months 12M Trend
CTAs -0.64 0.59 -2.80 -0.05Discretionary 1.06 1.15 0.00 1.01Systematic -1.04 0.41 -3.29 -0.08CTA - USD -0.86 0.59 -2.86 0.04CTA - EUR -1.41 0.03 -5.43 -0.97
Source: Preqin
■ The Preqin All-Strategies Hedge Fund benchmark generated 0.49% in May, the benchmark’s second consecutive month of positive returns.
■ Event driven strategies outperformed all other top-level strategies for the second consecutive month with gains of 1.61% in May, bringing the year-to-date return of the strategy to 2.25%.
■ Credit strategies (-0.18%) and multi-strategy vehicles (-0.56%) were the only top-level strategies that suffered losses in May.
■ Hedge funds focused on North America (+1.92%) performed particularly well, outperforming Europe-focused funds (+1.07%), reversing the April return and achieving the benchmark’s best result since November 2016 (+2.58%).
MULTI-MANAGER HEDGE FUNDS May-18 Apr-18 2018 YTD 12 Months 12M Trend
Funds of Hedge Funds 1.03 0.40 1.45 4.94FOHF - Equity Strategies 1.50 0.54 1.89 7.35FOHF - Multi-Strategy 0.70 0.35 1.17 4.03FOHF - USD 1.77 0.25 2.58 6.69FOHF - EUR 1.08 0.22 0.89 2.78Funds of CTAs -1.94 0.57 -2.68 -2.86
Source: Preqin
PERFORMANCE BENCHMARKS
THE FACTS
© Preqin Ltd. 2018 / www.preqin.com9 Hedge Fund Spotlight | June 2018
HEDGE FUNDS IN CHICAGOWe provide a snapshot view of the hedge fund industry in Chicago, looking at investors and fund managers based in the city as well as fund launches and liquidations over the past 10 years.
23%
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9%
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7%7%
Foundation
Fund of Hedge FundsManager
Endowment Plan
Private Sector PensionFund
Public Pension Fund
Wealth Manager
Family Office
Other
Source: Preqin
Fig. 1: Chicago-Based Investors in Hedge Funds by Investor Type
33%
25%
13%
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4%4% 4%
Equity Strategies
Managed Futures/CTA
Multi-Strategy
Relative Value Strategies
Credit Strategies
Event Driven Strategies
Macro Strategies
Niche Strategies
Source: Preqin
Fig. 2: Active Chicago-Based Hedge Funds by Top-Level Strategy
43%56%
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3%16% 9%
2% 6%
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Chicago-Based HedgeFund Managers
All Other Illinois-BasedHedge Fund Managers
$10bn or More
$1-9.9bn
$500-999mn
$250-499mn
$100-249mn
Less than $100mn
Source: Preqin
Fig. 3: Assets under Management: Chicago- vs. All Other Illinois-Based Hedge Fund Managers
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und
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No. of Fund Launches No. of Fund Liquidations
Source: Preqin
Fig. 4: Chicago-Based Hedge Fund Launches and Liquidations by Year of Inception/Liquidation, 2008 - 2018 YTD (As at June 2018)
Year of Inception/Liquidation
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und
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/Liq
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Fig. 5: Largest Chicago-Based Hedge Fund Managers by Total Assets under Management
Manager Year Established
Assets under Management
Citadel Advisors 1990 $27.1bn as at 31 December 2017
Balyasny Asset Management 2001 $10.8bn as at 31 March 2018
Driehaus Capital Management 1982 $8.6bn as at 30 April 2018
Chicago Equity Partners, LLC 1989 $6.8bn as at 31 December 2017
O'Connor 2000 $5.5bn as at 1 December 2017
Source: Preqin
Fig. 6: Largest Chicago-Based Institutional Investors by Current Allocation to Hedge Funds (As at May 2018)
Investor Type Current Allocation to Hedge Funds ($bn)
Boeing Company Pension Fund
Private Sector Pension Fund 6.4
University of Chicago Endowment
Endowment Plan 2.5
Exelon Corporation Pension Fund
Private Sector Pension Fund 2.2
Continental Casualty Company
Insurance Company 1.5
John D. and Catherine T. MacArthur Foundation Foundation 1.2
Source: Preqin
THE FACTS
© Preqin Ltd. 2018 / www.preqin.com10 Hedge Fund Spotlight | June 2018
HEDGE FUNDS IN EUROPEUsing data from Preqin Markets in Focus: Alternative Assets in Europe, we detail hedge fund activity in the region by strategy, structure, fund type and more.
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Source: Preqin Markets in Focus: Alternative Assets in Europe
Fig. 1: Europe-Based Hedge Fund Launches and Liquidations, 2007 - 2018 YTD (As at March 2018)
33%
14%
8%
12%
8%
14%
10%1% Equity Strategies
Macro Strategies
Event DrivenStrategies
Credit Strategies
Relative ValueStrategies
Managed Futures/CTA
Multi-Strategy
Niche Strategies
Source: Preqin Markets in Focus: Alternative Assets in Europe
Fig. 2: Europe-Based Hedge Funds by Top-Level Strategy
63%
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5% 1%
Commingled Fund
UCITS
Managed Account
Alternative MutualFund
Source: Preqin Markets in Focus: Alternative Assets in Europe
Fig. 3: Europe-Based Hedge Funds by Structure
22%
17%
11%10%
9%
8%
7%
5%4%
6%
Private Sector Pension Fund
Fund of HF Manager
Wealth Manager
Family Office
Asset Manager
Public Pension Fund
Foundation
Insurance Company
Bank/Investment Bank
Other
Source: Preqin Markets in Focus: Alternative Assets in Europe
Fig. 4: Europe-Based Investors Active in Hedge Funds by Type
5.38.7
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2015 2016 2017 2018
Source: Preqin Markets in Focus: Alternative Assets in Europe
Qua
rter
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sset
Flo
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)
Fig. 5: Quarterly Europe-Based Hedge Fund Asset Flows, Q1 2015 - Q1 2018
2.21% 1.89% 1.19%
-0.21%
5.16% 4.75%6.33%
-1.69%
4.44%
-2.53%-4.06%
-3.98%
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Q4
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Q1
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12 M
onth
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Europe-FocusedHedge Funds
EURO STOXX 50Index
FTSE 100 Index
Source: Preqin Markets in Focus: Alternative Assets in Europe
Net
Ret
urn
Fig. 6: Performance of Europe-Focused Hedge Funds vs. All Hedge Funds and Public Market Indices
Year of Inception/Liquidation
No.
of F
und
Laun
ches
/Liq
uida
tions
HOW PREQIN CAN HELP YOU FUNDRAISE IN 2018
Although there are more institutional investors than ever currently investing in hedge funds – over 5,250 globally – fundraising in 2018 is undoubtedly challenging. Inflows were seen in 2017, with hedge funds netting $50bn in fresh capital, yet investors have remained cautious when making new commitments to the asset class over the course of 2018: just as many (27%) investors plan to put less money into hedge funds over the year as those that plan to put more.
However, there are opportunities to grow your fund over the course of 2018 – with industry-leading data and tools, Preqin will help you find those investors looking for new hedge funds today. To find out how Preqin can help you fundraise in 2018, please register here: www.preqin.com/demo
We have
250+multilingual research analysts based in the US,
London, Hong Kong, Singapore and China.
Each month our team has 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
5,250+institutions worldwide.
Our fully searchable database allows you to target those investors interested in your fund
and to find contact details for more than
12,000key decision makers at these institutions.
7out of the top
10hedge funds that saw the largest
inflows in 2017 rely on Preqin data.
6,500investment professionals in
90+countries use Preqin’s data.
56754613
06801970
41574302
86045684
13279568
41025486
15423148
65749801
64535790
46830241
86304726
83185264
85790149
56575168
94647864
3xFrom Q1 to Q3 2017 Preqin
subscribers raised 3x more hedge fund capital than non-subscribers.
PREQIN IS HELPING RAISE CAPITAL FOR HEDGE FUNDS TODAY
HOW PREQIN HELPS TO RAISE CAPITAL FOR HEDGE FUNDS
Investors have indicated they are looking for up to
990new hedge funds in the
next 12 months.
The average hedge fund investor looking to make new investments in the next 12 months
plans to invest between
$95mnand
$121mn
With over
5,250investors profiled on the Preqin platform, we
can help pinpoint those investors that are looking for you.
988 989 991 992990
Forward-looking data on future plans and full
investment history of each institution.
Strategy, fund type and geographic preferences for
each institution.
AUM and track record requirements of investors
in hedge funds.
Full contact details for key decision makers, including
the best method to approach the investor.
Fund-level investments on a named basis to see who they have invested
with and how that fund is performing.
HOW PREQIN CAN HELP YOU FUNDRAISE IN 2018
Preqin’s hedge fund data has helped thousands of hedge fund professionals raise capital, identify investment opportunities, develop new business and form new partnerships. Constantly updated by a team of dedicated analysts, this comprehensive resource provides the most up-to-date information on all areas of hedge funds.
www.preqin.com/hedgefunds
PREQIN CAN HELP RAISE CAPITAL FOR YOUR HEDGE FUNDS IN 2018
TAILOR YOUR PITCH USING PREQIN DATA
CONTACT US
THE FACTS
© Preqin Ltd. 2018 / www.preqin.com13 Hedge Fund Spotlight | June 2018
FUND SEARCHES AND MANDATES
Fig. 4: Sample Investor Fund Searches Issued in May 2018
Investor Type Location Investment Plans for Next 12 Months
USCA Asset Management Fund of Hedge Funds Manager US
Plans to invest $10-25mn in up to five hedge funds over the next 12 months, focusing on long/short equity and equity market neutral strategies and investing through systematic and high volatility trading styles.
Tfl Pension Fund Private Sector Pension Fund UK Expects to make opportunistic investments in hedge funds over the next 12
months, focusing on macro strategies such as commodities.
Samsung Securities Investment Company South KoreaWill invest in 2-3 hedge funds managed by Asia-based managers, focusing on multi-strategy vehicles. The investment company will primarily look to use new managers in its portfolio.
Source: Preqin
We take a look at the hedge fund searches issued by investors in May 2018 on Preqin's online platform, breaking them down by investor location and type, and also provide sample fund searches.
48%
36%
6%
10%
North America
Europe
Asia-Pacific
Rest of World
Source: Preqin
Fig. 1: Hedge Fund Searches Issued in May 2018 by Investor Location
66%
10%
8%
4%4%
3%1% 4%
Fund of Hedge FundsManager
Family Office
Wealth Manager
Endowment Plan
Bank/Investment Bank
Public Pension Fund
Asset Manager
Other
Source: Preqin
Fig. 2: Hedge Fund Searches Issued in May 2018 by Investor Type
24%
16% 16%14%
10%9%
7% 7% 7%5%
0%
5%
10%
15%
20%
25%
30%
Long
/Sho
rt E
quity
Long
/Sho
rt C
redi
t
Mac
ro
Fixe
d In
com
e
Equi
ty M
arke
tN
eutr
al
Dis
tres
sed
Asse
t-Bac
ked
Lend
ing
Even
t Dri
ven
Mul
ti-St
rate
gy
Cryp
tocu
rren
cy
Source: Preqin
Fig. 3: Hedge Fund Searches Issued in May 2018 by Strategy
Subscribers to Preqin's online platform can click here to view detailed profiles of 367 institutional investors in hedge funds actively searching for new investments.
Preqin tracks the future investment plans of investors in hedge funds, allowing subscribers to source investors actively seeking to invest capital in new hedge fund investments.
Not yet a subscriber? For more information, or to arrangea demonstration, please visit:
www.preqin.com/hedge
DATA SOURCE:
Prop
ortio
n of
Fun
d Se
arch
es
Strategy
CONFERENCES
© Preqin Ltd. 2018 / www.preqin.com14 Hedge Fund Spotlight | June 2018
CONFERENCESJULY 2018
Conference Dates Location Organizer Preqin Speaker Discount Code
Family Office & Private Wealth Management Forum 16 - 18 July 2018 Newport, RI Opal Financial Group - -
SEPTEMBER 2018
Conference Dates Location Organizer Preqin Speaker Discount Code
FundForum Asia 2018 3 - 5 September 2018 Hong Kong KNect365 TBC 10% Discount - FKN2544PQL
Total Alts 6 - 7 September 2018 San Francisco, CA IMN - 15% Discount - PQ15
Preqin Breakfast Seminar – Future of Alternatives - London 12 September 2018 London Preqin - -
Emerging Managers Summit 12 - 13 September 2018 New York, NY Opal Financial Group - -
CTHFA Q3 Event 13 September 2018 Greenwich, CT CT Hedge Fund Association - -
CTA Expo Chicago 13 September 2018 Chicago, IL CTA Expo - -
SuperReturn Asia 17 - 20 September 2018 Hong Kong KNect365 Patrick Adefuye Mark O'Hare
10% Discount - FKR2449PRQ
L/S Equity Fund Investing 17 September 2018 New York, NY Catalyst Financial Partners - -
Finovate Fall 24 - 26 September 2018 New York, NY KNect365 - 20% Discount - FKV2343PQT
Brazil Breakfast in association with LAVCA's Annual Summit and Investor Roundtable
25 September 2018 New York, NY ABVCAP - -
OCTOBER 2018
Conference Dates Location Organizer Preqin Speaker Discount Code
Local Government Pension Investment Forum 3 October 2018 London KNect365 - -
Latin Private Wealth Management Summit 8 - 9 October 2018 Panama City marcus evans
Summits - -
Credit | Fixed Income Alternative Investing 15 October 2018 New York, NY Catalyst Financial
Partners - -
11th Annual Canadian Hedge Fund Conference 16 October 2018 Toronto Alternative IQ - -
Hedge Fund Emerging & Startup Manager Forum 17 October 2018 Zurich KNect365 - -
FLAIA Meeting of the Americas 2018 18 October 2018 Miami, FL FLAIA - -
MFA Outlook 18 October 2018 New York, NY MFA - -
Private Wealth Management Summit - APAC 22 - 24 October 2018 Macao marcus evans
Summits - -
GAIM Ops West Coast 22 - 24 October 2018 Rancho Mirage CA KNect365 - -
Family Office & Private Wealth Forum – West 24 - 26 October 2018 Napa, CA Opal Financial Group - -
Finovate Asia 29 - 30 October 2018 Hong Kong KNect365 - -
CONFERENCES
© Preqin Ltd. 2018 / www.preqin.com15 Hedge Fund Spotlight | June 2018
DATE: 25 July 2018
INFORMATION: www.investmentmanagementinstitute.com
LOCATION: The Stamford Hilton Hotel
ORGANIZER: Investment Management Institute
Hear from institutional investors, consultants and family offices on developing new business opportunities, plus getting into searches. Learn the keys to building relationships and trust to gain the edge on other managers.
13TH ANNUAL ALTERNATIVE INVESTMENT CONSULTANTSSUMMIT
Investment Management Institute
13th Annual Alternative Investment Consultants
Summit
July 25, 2018– The Stamford Hilton Hotel Each year IMI has been proud to bring together outstanding leaders in the Alternative Investment Community to share their insights on proven techniques to shorten the sales cycle, offering solutions for needs of institutional and private clients. At this event we feel you will learn some of the challenges that are faced in this industry with managing risk and raising assets.