Five new liquid alternative funds were launched in Q3 2018, including one Equity Hedge Fund, one Event Driven Fund, one Multi-Strategy Fund, one Global Macro Fund and one Relative Value Fund. Additionally, there were 19 liquidations.
That’s according to the Wilshire Funds Management’s Q3 2018 Liquid Alternatives Industry Monitor, which also reveals that there was a USD3.8 billion decrease in the AUM of the Liquid Alternatives Universe during Q3 2018.
In addition, there were approximately -USD4.6 billion in net outflows from the Liquid Alternatives Universe in Q3 2018, despite the Relative Value space experiencing net inflows of USD1.5 billion, continuing the trend of inflows in 2018 and bringing year-to-date inflows to USD11.4 billion. This was the only sub-strategy index that saw net inflows during the quarter.
While Event Driven Funds saw muted outflows during the quarter of USD0.5 billion, Global Macro, Equity Hedge, and Multi-Strategy Funds saw meaningful outflows of USD2.4 billion, USD1.9 billion and USD1.3 billion, respectively.
