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Alternative Market Briefing Weekly

Opalesque Roundup: In 2017 investors put most money into sub $1bn hedge funds: hedge fund news, week 04

Saturday, January 27, 2018

In the week ending 26 January, 2018, the hedge funds space ended 2017 with the strongest capital inflows since 2Q15 driving total assets to the new record of $3.21tln or an increase of $59bn.

Hedge fund managers with less than $1bn in assets received the highest inflows with $7.4bn of new capital, while the industry's largest managers, those with greater than $5bn AUM, received $6.3bn of inflows. Investors withdrew a net $3.9bn from firms managing between $1 billion to $5bn.

Soroban Capital Partners plans to shrink its main fund by $1.5bn after a year of double-digit gains; the SS&C GlobeOp Forward Redemption Indicator for January 2018 measured 2.20%, down from 4.18% in December; a new report by eVestment showed that net inflows into the hedge fund industry in 2017 ended at $30.13bn; and Angelo Moskov is seeking $500m for his World View Capital Management.

Jon Corzine is making his comeback with the launch of a new hedge fund that's betting the Trump administration will stir up markets; Michael Wong and Adam Grimsley have resigned from BlackRock to launch a cryptocurrency hedge fund; and Emil van Essen is launching a new alternative investment vehicle combining energy infrastructure MLPs.

Truston Asset Management is closing down its office in Singapore and a hedge fund based in the city; and Jamison Capital is shutting its $1.5bn flagship fund, one of the biggest high-profile commodities hedge funds to close in recent months.

The Preqin All-Strategies Hedge Fund Index gained 11.41% in 2017 (+1.15% in December); The Lyxor CTA Broad Index ......................

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