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In the week ending 18 November, 2016, the EY 2016 Global Hedge Fund and Investor survey showed that changing investor preferences is pressuring hedge funds to adapt in order to grow. The 10th annual survey found that hedge fund growth has slowed for a variety of reasons – the abundance of low fee passive investment options, lackluster hedge fund performance and cost concerns. In 2016, the proportion of North American investors that said they were reducing allocations to hedge funds exceeded the proportion that were increasing for the first time since the financial crisis of 2008. Illinois state pension voted to pull $2.4bn from managers that try to handpick winners and place that money with lower-cost funds that track market indexes.

A joint study by AIMA and State Street showed that 48% of asset owners, investment managers and hedge fund managers believe that decreased liquidity will be a long-term issue in securities markets; a joint study by Greenwich Associates and American Century Investments finds rapid growth in impact investing among institutional and individual investors; Bank of America Merrill Lynch report noted that hedge funds moved to establish risk-on positions before the U.S. election; and a joint survey by UBS and Campden Research has found that the world's richest families are cutting hedge fund investment.

Anthony Chiasson raised $15.7m to launch his new hedge fund Aurmedis Global Investors; OP Investment Management has partnered with Charles Wang from Academia Capital to launch quant fund Academia China Absolute......................

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