Investment Funds Observations 2017 - Part Two

From our vantage point as advisers to many of the world's top hedge fund managers, broad market forces flow through to our instructions, and ultimately drive many of the terms of the funds we advise.

In this series we take a look at what we have been seeing in the investment funds world. Part two will focus on hedge funds.

A strong year for equity and credit launches

Equity-focussed funds have been among the top performers so far in 2017, and we have launched significantly more equity funds than any other strategy. Demand for credit funds has also remained high, as a strong run of returns and continued innovation on the part of managers in disrupting traditional credit markets continues to attract investors. Credit managers in particular have been at the forefront of challenging traditional hedge fund / private equity boundaries, using flexible Cayman structures to borrow elements from each and create innovative hybrid funds or to restructure existing funds to