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In the week ending 09 June 2017, consultant Mercer found that 4.6% more European pensions allocate to hedge funds now compared to one year ago. This is interestingly the largest growth of any alternative asset class in Europe.

Some 78% of British fund managers believe they need to reevaluate their business models in anticipation of Brexit; hedge funds are betting the sterling will fall anew in anticipation of a slowdown arising from the Brexit. The issue is particularly pressing for UK-based hedge funds which dominate the European hedge fund industry with almost 70% market share (by AUM) but will most likely lose passporting rights for the EU single market.

Paul Marshall has taken a swipe at Sadiq Khan on Twitter over his alleged family links to extremism; Chris Coghlan is campaigning to reverse Brexit; the Conservative party is heavily reliant on large cash donations from hedge funds, bankers, and magnates to fund its campaigns; and .

Steadfast Capital Markets Group and Alcentra have launched the Steadfast Alcentra Global Credit Fund, an unlisted closed-end fund; and Formula Growth has launched a Cayman-based hedge fund focused on small and mid-sized U.S. stocks to meet growing demand.

The HFRX Global Hedge Fund Index gained +0.24% in May (+2.34% YTD); The HFRI Fund Weighted Composite Index gained +......................

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