Saturday, 20 December 2014
Last updated 22 hours ago
Apr 20 2007 | 1:09pm ET
The hedge fund industry saw record inflows of more than $60 billion during the first quarter of 2007, bringing total assets under management to $1.568 trillion, according to data released this week by Hedge Fund Research. These new inflows were equal to nearly half the record $126 billion in new assets gathered by hedge funds in all of last year.
Equity hedge and relative value arbitrage strategies proved most popular among investors, together having accounted for more than half of all inflows. Every major strategy tracked by HFR recorded a positive flow for the quarter, and funds of funds saw net new flows of $8 billion in the first quarter, marking the fifth straight quarter of positive inflows for that category.
“After a relatively quiet end to what was still a record-breaking year in 2006, investors have begun pouring money into hedge funds at a pace we have never seen before,” stated Ken Heinz, president of HFR. “The trend in asset flow suggests that both individual and institutional investors are actively allocating to hedge funds, while the performance indicates hedge funds are exceeding these investors’ expectations.”
The HFRI Fund Weighted Composite Index returned 2.81% in the first quarter, with emerging markets leading the pack up 5.06% followed by merger arbitrage (+4.83%), as the top performing strategies. The S&P 500 returned 0.64%, while the MSCI World returned 2.06% during the same period.
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.