What hedge fund isn’t giving money back to investors (or at least considering it) in 2020?

Everett Capital Advisors will return capital to investors, according to a new report from Bloomberg. The hedge fund of Kelly Hampaul had a rather solid run. Founded in 2015, the event-driven fund started with $140 million in assets. That figure later ballooned to about $600 million, according to the report.

That level of growth ranked it among the top new shops in recent years. It remains unclear what will happen with Everett Capital in the future.

Everett Capital Joins the List of Hedge Fund Exits in 2020

The news comes at a difficult time for hedge fund leaders. Capital has flowed out of hedge funds at a frantic pace this year. According to eVestment, hedge fund outflows totaled $87.9 billion from January to October 2019. With two months left to count this year’s total outflows, that figure represented more than double the outflows of 2018.

Already, several other prominent fund managers have announced plans to shutter their funds, return capital to investors, and/or convert to family offices. Loius Bacon announced last month that he will shutter Moore Capital. Last week, we learned that White Elm Capital will close after founder Matthew Iorio wrote a letter to investors.

Finally, Stone Milliner Asset Management announced it would return capital to investors in the face of weak performance and ongoing outflows. Bloomberg reported that the firm had about $3 billion under management in October. That figure is down roughly 50% from its peak.

Related: Louis Bacon to Shutter Hedge Fund Moore Capital