Friday, 28 August 2015
Last updated 14 hours ago
Dec 14 2010 | 1:38pm ET
Investors continued to pour money into hedge funds last month—but hedge funds lost it almost as soon as it could come in.
The industry enjoyed $12.97 billion in net inflows in November, HedgeFund.net reports. But the overall size of the industry grew by just 0.08%, because hedge funds suffered more than $11 billion in losses on the month.
November's inflow was the fifth straight month that investors added new money to hedge funds. Since July, hedge funds have enjoyed more than $45 billion in net inflows, including $18.4 billion in October.
"The continuation of net inflows, especially following the surge in October, is an important sign of support as the trend in the first half of the year was of declining rates of growth," HFN said.
Hedge funds managed $2.409 trillion at the end of November, according to HFN.
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…