Preqin

New Preqin Report

Preqin: Hedge Fund AUM Hits All-Time High in 2019

Hedge fund assets under management (AUM) reached an all-time high for the industry by the end of 2019.

A new report by Preqin shows that assets reached $3.66 trillion thanks to strong performance offseting redemptions.

During the fourth quarter, Preqin says that outflows totaled $15.4 million. It was the seventh-straight quarter of outflows. 

The DailyAlts Playbook: The South Carolina Debate Clown Car, Coronavirus Fears, Trump’s Market Woes, and Mike Bloomberg’s Naked Cowboy

We start on Wall Street, where the stock futures aren’t pointing toward any significant recovery. We just experienced the worst two-day performance in four years as investors sound the alarm over coronavirus. This morning, Greece confirmed its first case, while France reported its second death. Royal Carribean (NYSE: RCL) has canceled 30 cruises in Southeast Asia. And a top U.S. health official has suggested that a global pandemic is likely. This isn’t slowing down. Despite a 1,800-point slide in two days, there’s little reason to expect a massive bounceback.

Preqin: Private Debt Fundraising Lagged in 2019

A new report from Preqin shows that private debt activity slowed down over 2019. Dealmaking also lagged from 2018.

The report shows that more than 200 private debt funds closed every year from 2015 t0 2018.

Last year, however, just 152 funds reached their final close and raised $107 billion. That latter figure represented an 11% decline from 2018. Dry powder slipped from $292 billion to $261 billion over the course of a year.