Scoop – Strong Start After Rocky Founding For Biggest Hedge Fund Start-Up

2016 was a landmark year for the hedge fund industry, and not in a good way.

During the year, clients pulled an estimated $106 billion from hedge fund managers, the most significant exodus since 2009. These withdrawals followed several terrible years for the hedge fund industry.

In 2015, hedge funds as a group reported a loss of 0.7%, despite a positive performance for the S&P 500. In 2016, according to hedge fund data provider eVestment, the hedge fund industry generated an average return of 5.34% for clients, the best performance since 2013. Even this was below the S&P 500 return of 10% or 11.96% with dividends included.

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