Wednesday, 26 April 2017
Last updated 12 hours ago
Apr 4 2011 | 1:00pm ET
Pension funds resumed their whole-hearted embrace of hedge funds in the first quarter, pouring $18 billion into the sector.
The combined total of net inflows and pending searches is the highest in four years, Pensions & Investments research shows; hedge funds took in $25 billion in institutional money in the first quarter of 2007.
"Institutional investment is back to pre-2008 levels," Stephen Nesbitt of hedge fund consultant Cliffwater told P&I.
Net institutional hedge fund activity is up 38% from the first quarter of last year, and P&I warned that its figure is likely an underestimate of total activity.