Preqin’s 2016 Global Hedge Fund Report finds that 2015 was another challenging year for the industry, during which the Preqin All-Strategies Hedge Fund benchmark recorded gains of 2.02%, compared with 4.65% in 2014. Despite this, total industry AUM increased by $178bn to reach $3.2tn as of November. Thirty-seven percent of surveyed fund managers said that they have seen an increase in institutional capital in 2015, and 59% reported that their total AUM had increased. Overall the industry saw net inflows of $71.5bn, but this gain occurred entirely in H1, as H2 2015 saw net outflows of $4.8bn across the industry....