In the week ending 26 August, 2016, Eurekahedge reported that hedge fund assets grew by $8.8bn during the first half of 2016, however eVestment data showed that hedge funds saw their biggest redemptions since 2009 as investors pulled $25.2bn in July. Folger Hill Asset lost a third of its assets from its 2015 peak through redemptions and losses; FS Investments said that its business development company direct lending platform committed over $830m to middle market companies; Context Macro Opportunities Fund passed $100m in assets under management on its one year anniversary; and Glencore recorded a $395m loss by hedging future production of the fuel before prices rallied.
Sihan Chu has left Paulson & Co., in June to launch his own hedge fund; David Fiszel has bucked the global trend and launched Honeycomb Asset Management; Andrew Manuel is preparing to start his own global macro hedge fund with two partners later this year; Lucas Kiely and Charles Firth are leaving Credit Suisse to start a macro hedge fund; Pennsylvania-based Context Asset is expanding its roster is expanding its roster of liquid alternatives and plans to launch three new products; Schroders has launched an externally-managed UCITS fund, called the Schroder GAIA Two Sigma Diversified fund; Scout Global Funds announced plans to launch a multi-strategy hedge fund; and BlackRock has announced the launch of the actively managed fund BlackRock Impact Bond Fund.
Ben Snider said that the strong performance of hedge funds in Q3 was due to buying the most popular stocks; Goldman Sachs said hedge funds are reporting positive returns by taking on more risk
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