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In the week ending 13 May, 2016, Data from Preqin showed that institutional investors, like public pensions, are sticking with hedge funds despite frustrations. The number of public pensions that use hedge funds has steadily increased to 282 in 2016 from 234 in 2010, while the average hedge fund allocations of pension portfolios is now almost 10%.

Connecticut Treasurer Denise Nappier said that the state will not trim its investments in hedge funds but New Mexico's public employees are taking their final chunk of money out of Pershing Square. Catholic archdioceses and dioceses across the U.S. have set up 143 legally separate foundations whose combined assets total $4.6bn; and New York state comptroller Thomas DiNapoli said the system is likely to pare back its hedge fund investments.

Avirath Kakkar is launching a hedge fund that will use computer-driven trading models to take advantage of rising volatility across markets; Catana Capital will launch the Big Data hedge fund, the Catana Big Data fund, in mid-2016 as onshore AIFMD-regulated Alternative Investment Fund; Candriam Investors has launched a long-short equity fund that employs a market neutral strategy; and ALTZ Investment Strategies (ALTZ) is announcing the launch of its alternative investment platform.

Hillary Clinton’s son-in law, Marc Mezvinsky, is shutting down his hedge fund that bet on Greek economic revival.

The HFRI Fund Weighted Composite Index gained +1.0% in April (+0.3% YTD); The Lyxor Hedge Fund Index was down 0.4% as of May 3 (-3.2% YTD); The Eurekahedge H......................

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