Systematic hedge fund IPM to shutter after ‘lackluster’ performance, outflows Systematic hedge fund IPM to shutter after ‘lackluster’ performance, outflows Bloomberg Swedish hedge fund Informed Portfolio Management will cease all investment activities following performance issues and significant outflows. The firm had almost $5 billion in AUM in late 2019, dropping to $2 billion a year later — hit by the coronavirus crisis — and has now fallen to about $750 million following investor outflows, Bloomberg reported. The systematic macro hedge fund has suffered "lackluster performance and significant outflows" in the recent investment environment, a notice on the firm's website said Thursday. Given the impact of these factors on the business and its ability to deliver in line with client expectations, IPM's board recommended the firm cease investment activities and return capital to investors.