Asian hedge funds performed better than regional equities last year, a Hedge Fund Research report says, and Chinese and Japanese funds have carried that strength into 2017. Investment in Asian hedge funds decreased $8.6 billion last year, but $7 billion of that came amid first-quarter turbulence, HFR says.
A coalition of students at Wright State University and other groups want colleges and universities to curtail hedge fund investment. Hedge fund investing has been important for diversification, but "zero-ish" returns are prompting concerns, says Karl Scheer, chief investment officer at the University of Cincinnati.
Hedge funds and other investors are expecting West Texas Intermediate to rise steadily and resist volatility, as it appears that OPEC members are keeping their pledge to cut production. Money managers' net-long positions in the asset have risen to their highest level in 10 years.
Hedge funds and other investors expect West Texas Intermediate crude to rise steadily and resist volatility as OPEC keeps its pledge to cut production. Money managers' net-long position has reached the highest level in 11 years.
Blackstone Group pulled together $1.5 billion in startup capital for new hedge funds.
The firm set up the new fund, Strategic Alliance III, with a smaller target amount than an earlier $2.4 billion fund, but it shows Blackstone's faith in the continued growth of the business, industry watchers said.
Technological advancement is disrupting hedge fund revenue sources such as securitization, factoring and litigation financing, writes Abraham Thomas of Quandl. Funds need to diversify and enhance services, such as by offering data that others don't provide, Thomas writes.
The Lyxor Hedge Fund Index shows an increase of 0.4% for the week that ended Feb. 7, with accompanying gains on other Lyxor indexes. A strengthening dollar and stock market improvement in the US and Europe buoyed the CTA Broad Index.
AIMA CEO Jack Inglis says hedge fund managers are focused on maintaining access to talent and European markets after Brexit, based on surveys of AIMA members. A lack of clarity remains on many issues, but the post-Brexit scenario for hedge funds likely won't be "as big a deal as perhaps it could be for other sectors within financial services," says Inglis, who will join a panel on the topic at this year's Amsterdam Investor Forum.