Hedge Fund Liquidations Soar to Highest Level Since 2015

from Zero Hedge

Global hedge fund data reveals a massive liquidation of funds was seen in the first quarter of 2020, marking the highest level of fund liquidation since 2015, as coronavirus market gyrations led to steep losses and soaring redemptions, according to Reuters, citing a new HFR Global Hedge Fund Industry Report.

HFR released the report on Tuesday that shows 304 funds liquidated in 1Q20. This was the highest level of fund liquidation since the fourth quarter of 2015, when 305 funds shut down. Shown below, the number of closures in 1Q20 is about 50% higher than the last quarter in 2019.

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