It’s the second consecutive year of outflows in the industry as managers struggle to keep pace with the broader market.
Despite signs of a rebound, sentiment turns negative on the asset class, bringing YTD inflows down to $20.65 billion.
The trend may help introduce more transparency in these private markets since public plans are held accountable, firm says.
After $100 billion of redemptions in 2016, some signs of optimism build for hedge fund industry.
China-focused emerging market funds leading global returns, and are up a whopping 11.60% YTD.