(MENAFN- ValueWalk) Smaller Hedge Funds Bow Out
2017 was a strong year for the - a year in which hedge funds delivered average returns above 7% for the first time since 2013.1 However, both within and outside the sector have been driving consolidation. Smaller funds have been closing as bigger funds grow and intensify the competition. The active investment business environment has tightened with the success of passive instruments in 2017 attracting investors in higher volumes into ETFs. On top of this, in Europe, into action on January 3rd, 2018, which in itself will compound consolidation, with smaller funds unable to meet the cost burden of implementing and maintaining the new regulatory rules.
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