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In the week ending 09 December, 2016, it was reported that Donald Trump's victory gave a huge performance boost to some prominent hedge fund portfolios, some of them activist, helping them post double-digit gains in November. We also saw that some hedge funds that launched 2016 are off to a strong start. Morgan Stanley said that quant hedge funds and other investors were unable to profit on post-election moves as they were hit in November on leveraged short positions ahead of elections. Marshall Wace’s partners raked in £16.7m each on average last year — up from about £12m the year before as performance fees jumped; and Polar Capital’s profits fell 22% on £763m of net outflows over a ‘challenging’ six months to the end of September.

Kerrisdale Capital now oversees roughly $170m in assets, far less than the roughly $350m it managed over the summer; and KKR has announced the final closing of KKR Next Generation Technology Growth Fund, a $711m fund dedicated to growth equity investment opportunities in the TMT space.

The number of hedge fund closures is on track for the worst year since 2008, as investors withdraw their money citing poor performance and fees; and Emerging Sovereign Group is shutting down one of its hedge funds after redemptions from investors.

Knight Assets has raised nearly $300 for the launch of a new equity-focused fund that will not charge management fees; ING said it would launch a new multi-asset synthetic prime brokerage platform aimed at the buy-side; some hedge funds that were launched this year were off to a strong start; and......................

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