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In the week ending 29 April, 2016, in outlooks, Dan Loeb described the first quarter as "washout" and "catastrophic" for hedge funds and predicted a hedge fund “killing field”. Meanwhile, in Q1 the number of hedge fund operators in South Korea grew from 17 to 26. Registered hedge funds grew from 46 to 78, and are expected to reach 130 at the end of this year.

Former Fortress Investment portfolio manager and managing director Maggie Arvedlund is raising $500m to launch a debt, equity fund; Kyle Bass is raising money to start a dedicated fund for bets in China; Schroders has launched a new fund - the Schroder Alternative Solutions Commodity Total Return program; and John Hancock and Standard Life have launched their third alternative multi-asset fund.

Swiss-Asia has unveiled new funds on their fund management platform.

Aurora Investment will shut down after a failed takeover bid; and Barry Wittlin is closing his WSC macro hedge fund after almost a decade.

The Lyxor Hedge Fund Index was up 0.3%, (-2.4% YTD) as of 19 April.

Hedge fund bigwigs, including Crispin Odey, Bill Ackman, John Paulson, Blackstone and others, need to know when to admit defeat in light of poor performance; John Paulson take a hit in his Valeant investment as Joseph Papa left t......................

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