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Komfie Manalo, Opalesque Asia:

The hedge funds space ended 2017 with the strongest capital inflows since 2Q15 driving total assets to the new record of $3.21tln or an increase of $59bn, the sixth consecutive quarterly record for total industry capital.

In its latest HFR Global Hedge Fund Industry Report, Hedge Fund Research added that the industry completed the first performance year without a monthly decline since 2003. In the last quarter of last year, investors allocated $6.9bn of new capital, the highest quarterly inflows since 2Q15, bringing total 2017 inflows to $9.8bn.

The last month of 2017 also marked the "14th consecutive monthly gains of the HFRI Fund Weighted Composite Index," which also ended the year up +8.7%, "the strongest calendar year return since 2013," the report added.

"2017 was a historic year in the hedge fund industry that included advancements in both the core and emerging areas of the industry, and that combined record capital levels and consistent performance gains with the evolution of risk parity, blockchain and cryptocurrencies," stated Kenneth J. Heinz, President of HFR.

According to the report, managers with less than $1bn in assets received the highest inflows with $7.4bn of new capital, while the industry's largest managers, those with greater than $5bn AUM, received $6.3bn of inflows. Investors withdrew ......................

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