Rise of Non-Equity Funds Is Hedge Fund ‘Story of 2016’: Seward & Kissel

Thirty-five percent of hedge funds rolled out last year employed non-equity-based investment strategies, up from 20% in 2015, according to a new study by Seward & Kissel, a law firm. “The rising popularity of non-equity-based funds is the story of 2016,” Steven Nadel, the study’s lead author, said in a statement. “New fund managers obviously reacted…