CHART CENTRAL

Hedge fund performance up amid redemptions

All four major hedge fund subclasses as well as the overall industry had net outflows in 2016 despite positive performance in each category. Event-driven strategies saw the largest disparity between client redemptions and positive performance. The subclass returned 10.5% during the year, of about $70.6 billion in added value, while seeing $38.3 billion walk out the door.

The first quarter was the only period of negative performance as a whole despite global macro funds growing by $5.5 billion. The latter half of the year saw more activity on both fronts, with $46.9 billion in net redemptions and $167.1 billion in added value.