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In the week ending 11 December, 2015, the latest State of the Union of the [U.S.] Alternative Asset Management Industry report by Convergence has found that the number of alternative asset managers grew by 15% in Q3. Total headcount surpassed 80k, or an 11% increase from Q3 2014 - with the biggest increase being in non investment professional headcount.

Hedge funds boosted wagers on euro weakness to the highest since May last week; investors in hedge funds are said to be bracing for losses after many funds trading macroeconomic themes were caught off guard by the ECB moves; the SS&C GlobeOp Hedge Fund Performance Index for November 2015 measured 0.21%; and Third Avenue Management is blocking investors from withdrawing their money from a near $1bn junk bond fund.

Anil Prasad and his business partner Farhang Mehregani will launch their own hedge fund in January after clearing regulatory hurdles; Orion Mine Finance is starting a hedge fund at a time when most investors are fleeing commodities; Stephen Diggle is looking for money managers and traders for his new multi-strategy fund; BNY Mellon Investment Management has launched the BNY Mellon Absolute Insight Multi-Strategy Fund; Kairos Part......................

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