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In the week ending 23 June, 2017, the number of hedge fund launches in Q1 increased to 189 but was overshadowed by 259 liquidations with the total hedge fund count now at 9,733. In Singapore, Qualgro and Gordian Capital announced the spin out of the QUALGRO ASEAN FUND I, L.P. from the Gordian Capital platform.

Nick Graziano told investors he would shut down Venetus Partners following a "very difficult decision" to step away from the markets; and the AdvisorShares QAM Equity Hedge ETF and the AdvisorShares Market Adaptive Unconstrained Income ETF have ceased trading.

The HFRX Global Hedge Fund Index gained +0.19% through mid-June (+2.53% YTD); The Lyxor Hedge Fund Index was flat in the second week of June (+0.4% YTD); The Preqin All-Strategies Hedge Fund benchmark returned 0.26% in May (+4.37% YTD); The Barclay Hedge Fund Index gained 0.50% (+ 4.13% YTD); And the Barclay CTA Index gained 0.06% (+0.67% YTD).

This year is turning out to be a challenge for some of the world's best-known computer-driven hedge funds in terms of performance, with Two Sigma and Man AHL falling short of investors' expectations. Pierre Andurand's oil hedge fund lost 17.3% in the year through May after last month's OPEC meeting. Also, some of the biggest names in global macro are falling farther behind their younger rivals - and investors are starting to notice.

However on aggregate, hedge funds' assets got a boost in May with $23.3bn YTD inflows; Michael Steinberg has raised at least $25m for his newly-formed fintech venture fu......................

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