(Pension & Investments) Hedge fund managers are singing much the same optimistic refrain for 2017 as they did for 2016, but with much more conviction and a nod to President-elect Donald Trump for setting the stage for the kind of rough markets in which their strategies will thrive. At the top of managers’ new year’s expectations is much higher volatility coupled with lower cross-market correlations and higher stock dispersion in global markets, which is almost exactly what they predicted for 2016.