Friday, 27 November 2015
Last updated 1 day ago
Apr 12 2011 | 4:37pm ET
The hedge fund industry enjoyed its best-ever month in terms of inflows, attracting nearly $35 billion in new money on the month.
The $34.9 billion net inflow brings the total amount managed by hedge funds gloablly to $1.73 trillion, BarclayHedge and TrimTabs Investment Research said. That is the highest level since October 2008.
"Public pension plans—many of which are underfunded—are devoting much more capital to the hedge fund space," BarclayHedge President Sol Waksman explained. "Flows are doubtless following performance."
That mean that equity long-bias funds enjoyed a "particularly huge inflow," BarclayHedge and TrimTabs said.
Strong inflows were also enjoyed by funds of hedge funds and commodity trading advisers. The former took in $7.3 billion in February, their best month in almost three years, while the latter had its best fundraising month since June 2009 with a $7.5 billion inflow.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…