The gains came as total hedge fund assets surpassed $3 trillion for the first time last year, according to HFR. Industry capital increased by $121 billion in 2016, the largest annual jump since 2014.
Even so, some money managers are raising the prospect that the Trump rally may be short-lived. BlackRock Inc. Chief Executive Officer Laurence D. Fink said Wednesday that businesses are already in a “slow down” and the markets “are probably ahead of themselves.”
This article was provided by Bloomberg News.