Hedge Funds: Assets Hit $5 Trillion With Most Inflows Since 2007

Welcome to the Hedge Funds Brief, your weekly read on the industry, including performance, market calls and personnel moves.

Headlines

The $1 trillion Abu Dhabi Investment Authority ramped up its use of separately managed accounts to deploy large chunks of money across dozens of hedge funds.

Millennium boosted its investment in Kedalion Capital Management to about $2 billion as the smaller hedge fund prepares to open to new cash after three years of managing money solely for Izzy Englander’s firm.

Carvana raises “lots of red flags,” especially after the recent implosion of auto lender Tricolor Holdings, says Jim Chanos, ...