Friday, 24 April 2015
Last updated 7 hours 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.
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…