In the week ending 20 January, 2016, in other miscellaneous hedge fund news, the hedge fund fee debate has entered a new round as investors focus on pass-through fees and starting to sour on the idea of reimbursing hedge funds for multi-million dollar trader bonuses, lavish marketing dinners and trophy office space, particularly when a fund's return are mediocre. Total hedge fund industry asset surpassed the $3tln milestone for the first time. HFR said total assets increased by $46.8 billion in 4Q16, ending the year at $3.02 trillion, the second consecutive quarterly record for industry capital. For the full year 2016, total hedge fund industry capital increased by $121 billion, the largest annual increase since 2014. Data from eVestment showed that investors pulled $106bn in assets in 2016; JMC Capital Partners has closed its second fund on $206m; and Guernsey's fund industry has enjoyed five consecutive quarters of growth according to the latest figures at GBP 249.4bn. The 10th edition of Emerging Manager Day in Paris has welcomed over 800 managers, investors, FinTech startups and industry experts; Ramius CEO Michael Singer is leaving the company to pursue new career opportunities; ABN AMRO Clearing ...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, January 21, 2017
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