Wednesday, 5 August 2015
Last updated 43 min ago
May 12 2011 | 12:47pm ET
Mediocre performance has not dimmed investor interest in hedge funds, according to early estimates from HedgeFund.net.
Hedge funds took in $14.2 billion in new money in April, a slight increase from March but well ahead of last year's core growth rate. Including performance gains, hedge fund assets rose to $2.607 trillion last month.
Whether that confidence on the part of investors will be borne out remains to be seen: The average hedge fund has returned just a fraction of the Standard & Poor's 500 Index's more than 9% rise this year.
For its part, HFN said that the average hedge fund returned about 2.05% last month, among the highest returns of any broad hedge fund index for April, and is up 3.45% on the year. Commodity strategies were the best place to be, rising 4.92% on the month, although much of that gain was likely wiped out by last week's oil price plunge.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…