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Investors redeemed an estimated $18.1 billion from hedge funds in April. Outflows follow March’s large redemptions further pushing YTD flows negative, now estimated at $31.1 billion YTD. Performance lifted overall AUM to just below $3.0 trillion.

eVestment looks at how and which actively managed strategies fared against market benchmarks in April. We highlight what percentage of managers in a given universe are beating their benchmarks and the degree to which they are outperforming.

While investors can see the impact of COVID-19 on the public markets in real-time, they are just now starting to see its impact percolate through the private markets. To understand what that lasting impact might look like, eVestment analyzed over 3,000 realized private equity deals from the global financial crisis for clues.

The recent market volatility has made meaningful impacts on public plan portfolios. While public pensions have undertaken a variety of responses, one area (where managers are most keen) is in the pace and direction of new mandates. We highlight the areas where ongoing and potential searches are most prevalent.

The market drawdown, brought on by the rapid global spread of COVID-19 and the demand and supply crunch in oil markets, has forced investors to more closely scrutinize their portfolios and monitor their external managers. We look at three different responses from public pensions in the wake of COVID-19, excerpting from documents found on our Market Lens platform.