Skip to main content
MENU
Subscribe
  • Sign Up Free
  • LOGIN
  • Subscribe
  • Topics
    • Alternatives
    • Artificial Intelligence
    • Consultants
    • Defined Contribution
    • ESG
    • ETFs
    • Face to Face
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Regulation
    • SECURE 2.0
    • Special Reports
    • Washington
    • White Papers
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • WPS Innovation Awards
    • Influential Women in Institutional Investing 2023
    • Eddy Awards
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • ESG Sustainability - Gaining Momentum
    • ESG Investing | Industry Brief
    • Innovation in ESG Investing
    • 2023 ESG Investing Conference
    • ESG Rated ETFs
    • Divestment Database
  • Defined Contribution
    • Latest DC News
    • The Plan Sponsor's Guide to Retirement Income
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2023 Defined Contribution East Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Research Center
    • The P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
Breadcrumb
  1. Home
  2. HEDGE FUNDS
January 19, 2018 12:00 AM

Hedge fund assets end 2017 at record $3.2 trillion – HFR

Christine Williamson
  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print
    Getty Images

    Hedge fund industry assets hit a new high of $3.211 trillion as of Dec. 31, the sixth consecutive quarterly peak of assets under management, data released Friday by Hedge Fund Research showed.

    Combined asset growth for hedge funds and hedge funds of funds for periods ended Dec. 31 was 1.9% for the quarter and 3.3% for the year.

    The breakdown of total asset growth of $59 billion in 2017 was 88% from investment gains and 12% from net inflows.

    Fourth-quarter net inflows totaled $6.9 billion, the highest quarterly net inflows since the second quarter of 2015, up sharply from $1.7 billion in the third quarter and from $18.7 billion of net outflows in the fourth quarter of 2016, HFR data showed.

    In a year-to-year comparison, 2017 featured positive net inflows of $9.8 billion vs. heavy net outflows of $70.2 billion in 2016.

    In the quarter ended Dec. 31, HFR data showed that the event-driven hedge fund strategy category received the highest net inflows of $6.9 billion, with $9.2 billion of performance gains. Relative value hedge funds followed with $1.3 billion of net inflows and investment gains of $8.9 billion. Macro funds brought in net inflows of $700 million combined with $11.5 billion of investment growth, while equity hedge funds had $2 billion of net outflows and the highest investment gains among HFR's hedge fund strategy categories, at $22.5 billion.

    Hedge funds-of-funds assets increased 1% in the quarter and 2% in the year ended Dec. 31 to $645.6 billion.

    Net outflow from the hedge funds-of-funds universe was $3 billion in the quarter ended Dec. 31; $21.4 billion in 2017; and $26.4 billion in 2016.

    In the year ended Dec. 31, the total number of hedge funds grew by 79 to 8,335 funds, while the universe of hedge funds of funds declined by 129 funds to 1,419.

    "2017 was a historic year in the hedge fund industry that included advancements in both the core and emerging areas of the industry and (with) combined record capital levels … it is likely the hedge fund industry will continue its powerful expansion … throughout 2018," said Kenneth J. Heinz, HFR's president, in a news release companying the company's latest data release.

    Related Articles
    Hedge fund liquidations decline in second quarter
    HFR: Hedge fund industry AUM reaches fifth consecutive quarterly peak
    HFR: Hedge funds end 2017 up 8.54%, 3 percentage points higher than previous ye…
    Hedge fund investment gains rise nearly 50% in 2017 to $181 billion
    Canada Pension Plan backs fledgling hedge funds as titans disappoint
    Hedge funds post mixed performance in March, HFR reports
    Hedge fund assets hit another record, but see outflows
    Recommended for You
    Michael_Sonnenshein_1550_i.jpg
    Hedge fund efforts to add co-plaintiffs to Grayscale suit fall short, amended complaint shows
    Boaz_Weinstein_2023_i.jpg
    Sculptor says Weinstein's revised bid shows he wants to run firm
    David_Bailey_1550_i.jpg
    Hedge funds rally 'mutiny' against Grayscale over fees
    Carving a Path For Fixed Income Through Shifting Scenarios
    Sponsored Content: Carving a Path For Fixed Income Through Shifting Scenarios
    Sponsored
    White Papers
    2023 Hot Topics in Retirement and Financial Wellbeing
    Bonds: Shaken, but Not Stirred
    Today’s rate cycle and US equities in target date portfolios
    A Study of Allocations to Alternative Investments by Institutions and Financial…
    Unlocking Hidden Value in Japan
    The Art of the Possible in Data Automation for Institutional Investors
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    December 12, 2022 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Custom Content
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Artificial Intelligence
      • Consultants
      • Defined Contribution
      • ESG
      • ETFs
      • Face to Face
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Regulation
      • SECURE 2.0
      • Special Reports
      • Washington
      • White Papers
    • Rankings & Awards
      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • WPS Innovation Awards
      • Influential Women in Institutional Investing 2023
      • Eddy Awards
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • ESG Sustainability - Gaining Momentum
      • ESG Investing | Industry Brief
      • Innovation in ESG Investing
      • 2023 ESG Investing Conference
      • ESG Rated ETFs
      • Divestment Database
    • Defined Contribution
      • Latest DC News
      • The Plan Sponsor's Guide to Retirement Income
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2023 Defined Contribution East Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Research Center
      • The P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
    • Careers
    • Events
      • View All Conferences
      • View All Webinars