Over half (57%) of the fund searches issued by hedge fund investors in Q3 2017 came from those based in North America, up from 44% in Q2 2018. Europe-based investors accounted for almost a third (30%) of searches issued.
The most sought-after strategy among investors in the next 12 months is long/short equity, which accounted for 38% of fund searches issued during the quarter, as shown in the chart below. Macro strategies represented 20% of fund searches in Q3 2018, closely followed by multi-strategy vehicles (18%).
The vast majority (93%) of investors plan to gain access to the hedge fund asset class via commingled vehicles in the year ahead. Other structures, such as managed accounts and UCITS, are targeted by far smaller proportions of investors – 14% and 9% respectively.
As in previous quarters, fund of hedge funds managers issued over half (57%) of investor searches in Q3 2018. Private wealth firms followed: family offices and wealth managers accounted for a combined 20%, while asset managers represented just 5% of investor searches.
Follow this link to download your copy of the Preqin Quarterly Update: Hedge Funds, Q3 2018.