Monday, 25 May 2015
Last updated 3 days 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.
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…