HEDGE FUND LIQUIDATIONS RISE AS ENERGY, HIGH YIELD PRESSURES MOUNT

12/18/2015 Market Commentary

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3Q fund launches tick up over prior quarter; Industry-wide fees remain little changed
HFR, Inc. releases HFR Market Microstructure HF Industry Report for Third Quarter 2015
CHICAGO, (December 18, 2015) – Hedge fund launches and liquidations both increased in 3Q15, as energy commodities and equities posted sharp declines, and high yield credit spreads began to widen. Hedge fund liquidations totaled 257 in 3Q15, up from 200 in the second quarter, and the highest quarterly total since 1Q14, according to the latest HFR Market Microstructure Report, released today by HFR®, the established global leader in the indexation, analysis and research of the global hedge fund industry. Total liquidations in the first three quarters of 2015 stand at 674, up from 661 liquidations during the first three quarters of 2014.
HFR Market Microstructure Hedge Fund Industry Report – Q3 2015