•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Komfie Manalo, Opalesque Asia:

A study by international law firm Seward & Kissel has shown that the dramatic reshaping of the hedge fund landscape continued in 2017 as the number of new funds using equity-based strategies fell sharply for the second year in a row.

The law firm's annual 2017 New Hedge Fund Study showed that for the first time since 2011, the number of non-equity-related funds has approached parity with equity-based funds. Since 2015, when eight out of 10 new hedge funds used equity-based strategies-a record high in the Seward & Kissel Study-that share has now fallen to just 56%, the lowest level since the study's inception in 2011.

Seward & Kissel Investment Management Group partner, Steve Nadel, the lead author of the study, commented, "The pendulum swing towards non-equity funds and away from long/short equity-based funds keeps going. We believe this is primarily attributable to the strong long-biased bull run we have seen. It will be interesting to see whether a correction in equity prices due to rising interest rates and other macro factors will turn the tide."

He added that in a trend first observed last year, as the demand for non-equity funds increases, many of the managers of such funds have moved to lock in capital qui......................

To view our full article Click here