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In the week ending 25 November, 2016, assets dedicated to emerging markets hedge funds increased to $199.66bn in 3Q, up $9.8bn from the prior quarter. LatAm hedge funds, which were up +6.2% in 3Q, added another +5.4% in October, bringing YTD performance to +33.0%. Gramercy Funds closed its third distressed and opportunistic emerging markets credit strategy after raising nearly $1bn in commitments; 20-year-old college dropout Julian Marchese claimed to have raised $5m for his hedge fund; the SS&C GlobeOp Forward Redemption Indicator for November 2016 measured 4.25%, up from 3.40% in October; eVestment reported $14.2bn outflow from hedge funds in October, the fourth month of redemptions; JPMorgan is predicting a $50bn wave from insurers flooding into ETFs; Pamlico Capital has closed its Fund IV on $910m after just four months in market; Crispin Odey lost about 369 million euros (313.03 million pounds) in the year to Nov. 14; Connecticut-based L Catterton has closed its eighth fund on $2.75bn; and Mana Partners, a quantitative hedge fund, raised almost $1bn, bucking an industry malaise.

Mirae Asset has launched a sharia-compliant version of its flagship Mirae Asia Sector Leader Equity fund; Francis Cueto is starting an independent hedge fund next year; and Aberdeen Asset Management has launched a liquid equity market neutral fund.

The Greenwich Global Hedge Fund Index was off -0.52% in October (+2.9% YTD);......................

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