Total assets under management (AUM) in hedge funds rose by $46.8bn to reach $3.02tn for the first time in Q4 2016, according to Hedge Fund Research, helped by positive performance across a broad range of strategies. The industry posted an annual capital increase of $121bn, its highest since 2014. In total, hedge fund managers managed more than $1.3trn.
Total assets under management (AUM) in hedge funds rose by $46.8bn to reach $3.02tn for the first time in Q4 2016, according to Hedge Fund Research, helped by positive performance across a broad range of strategies. The industry posted an annual capital increase of $121bn, its highest since 2014. It also saw its highest level of redemptions since 2009 with outflows of $70.1bn, $18.7bn of which came in the fourth quarter.