Thursday, 18 December 2014
Last updated 16 hours ago
May 7 2010 | 3:21am ET
After a disappointing first quarter, Brazilian hedge funds have gotten off on the right foot in the second quarter.
Investors poured 3.4 billion reais (US$1.9 billion) into hedge funds, according to Anbima, Brazil’s national capital markets association. That more or less wipes out the first quarter outflow the industry suffered of about 3.5 billion reais (US$1.9 billion).
The official figure for redemptions in the first three months of the year was 5.7 billion reais (US$3.1 billion), but that includes two categories of funds that have since been reclassified.
The first-quarter redemptions ended a solid year of positive flows for Brazilian hedge funds, and coincided with an average 6.8% loss in January. But the industry has bounced back since then, retirned 8.8% from February through April.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.