Tuesday, 26 May 2015
Last updated 2 hours ago
Jan 10 2011 | 1:25pm ET
Hedge funds enjoyed an impressive haul in November, taking in the most new money from investors since February.
The industry saw net inflows of $13 billion on the month, its fifth straight month of positive flows, TrimTabs Investment Research and BarclayHedge said. And that bodes well for hedge funds, which added $64.3 billion in the first 11 months of last year.
“The year ahead looks bright for the hedge fund industry,” BarclayHedge’s Sol Waksman said. “Investors continue to pump money into the space.”
The biggest beneficiaries in November were long/short equity funds, which took in $2.5 billion. Commodity $3.9 billion outflow, but TrimTabs and BarclayHedge said that was primarily the result of redemptions from a single fund.
Event-driven funds took in $2.2 billion in November, emerging markets fund $1.8 billion and fixed-income $1.9 billion.
Funds of hedge funds saw a net inflow of $473 million, their fifth-straight monthly inflow, as well.
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…