Hedge Fund Managers See Inflows Dampening Rest of Year: Preqin

Hedge fund managers are cynical about the future. Their future.

More than two thirds, or 69 percent, of them predict that net asset flows will be flat or negative in the second half of this year, according to a survey Thursday by Preqin.

While their outlook for the future sours, about 60 percent reported that assets have risen over the past 12 months. The stock market rally following the election of President Donald Trump in November had the largest impact on performance, according to the survey, with 79 percent of managers saying it affected their results and mostly in a positive way.

Net inflows into the $3.4 trillion hedge fund industry reached $25 billion in the first six months of this year. In 2016, hedge funds saw withdrawals of $110 billion, according to Preqin.

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