Opalesque Roundup: Investors Redeem Record Amounts From Emerging Market Hedge Funds: Hedge Fund News Week 48
In the week ending November 30th 2018 Hedge Fund Research (HFR) said that emerging market hedge funds are on track for their worst annual performance since 2011, extending their losses. As a consequence, investors redeemed $3.1bn from Emerging Market hedge funds in 3Q18, the largest quarterly redemption since 1Q 2009. Total EM hedge fund capital fell by $4.0bn in 3Q18 to $227.1bn (RMB: 1.58tn, Brazilian Real: 883bn, Indian Rupee: 16.1tn, Russian Rouble: 15.3tn, Saudi Real: 852bn). HFR's Emerging Markets index had fallen 3.7 per cent in October alone.