China hedge funds face gloomy outlook
Amid 18 months of poor performance, China-focused strategies have suffered heavy outflows and will likely continue to see low demand this year, says eVestment's head of research.
China-focused hedge funds had a terrible 2016 in terms of both performance and asset flows and are unlikely to see demand return soon, according to research firm eVestment.
Investors pulled $17 billion from Asia (including Japan) strategies last year, leaving their estimated assets under management standing at $95.2 billion. As a percentage of AUM, this was by far the biggest outflow of any region in 2016, said eVestment.
Close to half of the redemptions – nearly $8 billion – we…
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