(Valuewalk) December was a strong month for hedge funds, a JP Morgan Prime Brokerage report on global hedge fund trends reported. At the end of 2016, there was a decided trend among institutional investors to favor investment managers “that are less correlated to the markets” and those in “niche and off-the-run” strategies, particularly in the US. In the January 19 report, manager shifts among strategies were noted, particularly in Europe and Asia.