Hedge Fund Industry Capital Rose In Third Quarter

(Hedgeweek) HFR reports that total hedge fund industry capital rose to a record level in 3Q16, as performance gains offset continued asset outflows which were concentrated in many of the industry’s largest and most well-established managers.

Hedge fund assets rose to USD2.972 trillion, an increase of USD73.5 billion from the prior quarter. The 3Q16 hedge fund asset level eclipses the previous record of USD2.969 trillion set in 2Q15. The HFRI Fund Weighted Composite Index gained +2.9 per cent in 3Q, concluding the quarter with its seventh consecutive monthly gain, and bringing YTD performance to +4.2 per cent.

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