Large Hedge Funds Lose Assets In 2016, But The Biggest Just Keep Getting Bigger

The largest hedge funds in the world had assets under management reductions, according to the latest Absolute Return Billion Dollar Club rankings out Friday. The losses came following legal problems for two large hedge fund managers and performance issues with other hedge funds. While there were hedge fund withdrawals, there were also many funds that posted significant gains in assets under management. Big losses from a few big firms bring down large fund assets under management For the first time since 2008, hedge funds with over $1 billion in assets under management shrunk in 2016, albeit small. The group of…