Friday, 28 August 2015
Last updated 14 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…