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In the week ending 03 June 2016, a study has found that the largest members of the $1bn hedge fund Club still saw net inflows so far in 2016 despite withdrawals from NYCERS and MetLife. A study by Cerulli Associates has found that the problem of ‘dressing up’ track records by fund managers is getting worse; another Cerulli research showed that discretionary accounts will continue to exhibit strong growth in the United States. A joint study by Oxford Economics and State Street has concluded that a majority of asset owners and asset managers are not ready for blockchain; a JPMorgan Prime Brokerage report showed that the trend towards hedge fund short covering is increasing; and Goldman Sachs said that hedge funds have increased their stock-picking activities.

Samsung Asset will launch a global macro fund next quarter as it seeks to diversify outside of its home market; Ben Melkman has left Brevan Howard to and working to set up his own fund; Simplex Asset is taking some lessons from Tokyo’s iconic wholesale fish market as it starts a fund; and Tilney Bestinvest has unveiled a new range of risk-graded multi-asset, UCITS compliant, Open-Ended Investment Companies.

Halcyon Capital has closed down its energy-focused hedge fund on March 31 this year after oil prices collapsed.

The HFRX......................

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