Hedge fund liquidating
There were 166 liquidations in 4Q 2017, and 670 for the 12-month period ending March 31, 2018.
The HFRI Fund Weighted Composite Index® gained 1.4 percent YTD through May 2018, offsetting a -2.3 percent decline in late 1Q, with strong gains in January and May.
The average management fee for funds launched in 1Q18 was 1.19, a decrease of -5 bps from the prior quarter and a decline of -15 bps over the calendar year 2017 launch average management fee of 1.34 percent.
Funds die but their data lives on — revealing lucrative insights on industry trends, managers’ track records and attrition rates within sectors.
The Barclay Hedge Graveyard Database has comprehensive information on 21,467 liquidated or non-reporting For more than 30 years, Barclay Hedge has been the premier source for hedge fund and managed futures data for tier one banks, brokers, asset allocators, institutional firms, investment platforms, researchers and more.
Hedge fund performance dispersion slightly widened in 1Q18, with the top decile of HFRI gaining 9.5 in 1Q18, down from an average of 13.4 percent in 4Q 2017, while the bottom decile decline fell to -11.2 percent, a more precipitous drop from the mild decline of -5.8 percent in 4Q.
The top/bottom decile dispersion of 20.7 percent in 1Q is up marginally from the historically tight dispersion of 19.1 percent in 4Q17.