Monday, 30 March 2015
Last updated 2 days ago
Jan 18 2007 | 3:14pm ET
Burned by poor performance and shaken by the Amaranth Advisors fiasco, investors stanched the flow of new money into hedge funds in the fourth quarter, though it was still a record-setting year for inflows.
Hedge funds added $15.8 billion over the past three months, a 64% drop from the $44.5 billion raised in the third quarter, Hedge Fund Research reports. But hedge funds had already rebounded strongly from its first outflow in a decade in the final quarter of 2005, and net deposits for the full year were $126.5 billion, compared with $46.9 billion in 2005.
At the end of 2006, hedge funds managed $1.43 trillion, a 29% jump from the prior year, HFR said.
Not surprisingly, top-performing strategies were also the best at attracting new cash. Event-driven funds took in $3.9 billion in the fourth quarter, the second-highest total behind equity hedge funds, which raised $8.7 billion.
Funds of hedge funds ended the year increasing their assets for the fourth straight quarter, adding $3.89 billion over the past three months, bringing their global total $547 billion.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…