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In the week ending 01 January, 2016, the Asset Management Association of China has announced that 24,625 hedge funds are active onshore in Mainland China (“sunshine funds”, see also the recent Opalesque Hong Kong Roundtable for more intelligence) as of December 2015, up from nearly 17,000 in January of the same year.

Outlook: Most hedge fund managers say they are looking forward to better opportunities in 2016 and tend to have an optimistic outlook after a challenging 2015. RBC Capital Markets is less enthusiastic about alternative investment stocks in 2015; while Jason Ader said he expects 2016 to be the year of shareholder activism in this underperforming sector of the stock market.

Marko Soldo is planning to launch an equities hedge fund firm, Talarium Capital. and JP Morgan has bared plans to launch an alternative fund, the JPMorgan Diversified Alternative ETF.

Whitebox Advisors plans to liquidate its three mutual funds on Jan. 19 after losses and redemptions in 2015;and Doug Hirsch is returning money to clients from his hedge fund after almost 20 years after his Seneca Capital Investments lost 6 percent in 2015.

The Scotiabank Canadian Hedge Fund Index ended November 2015 up 1.10% (6.12% YTD).

In performance, Blackstone Group, D.E. Shaw, Millennium Partners and Citadel have managed to side-step this year’s challenges and post double-digit returns; three major foreign exchange strategies stood out in 2015; Perceptive Life Sciences fund gained 46 percent through Dec. 23; AAM Absolute Return Fund leads HSBC’s hedge fund performance race last year with 42.08 percent returns; John Armitage’s Egerton Capital earned $1.5bn after fees last year; and David Einhorn, Bill Ackman and Larry Robbins have stunned i......................

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