(Hedgeweek) Assets held by hedge funds globally reached a record USD3.22 trillion as of the end of November 2016, according to Preqin’s 2017 Global Hedge Fund Report. Investor outflows through the year totalled USD102 billion, and at the end of the year, a record 66 per cent of hedge fund investors said their hedge fund portfolios had fallen short of their expectations.
However, 2016 also marked the best performance year for the industry since 2013, posting gains of 7.40 per cent. This offset net investor outflows to drive total industry AUM past USD3.2 trillion, a record high.
