Saturday, 23 May 2015
Last updated 1 day ago
May 25 2011 | 11:12am ET
Investors flocked to hedge funds in droves in April, according to new figures from Eurekahedge.
The industry took in $28.33 billion in new money last month, its largest monthly inflow in almost three years. That helped push total industry assets to $1.81 trillion, the first time they've reached that level since the financial crisis.
All told, net inflows for the year through April have totaled $93.94 billion, nearly half as much as the $66.24 billion the industry took in all of last year.
Strong performance counted for almost as much of last month's growth as investor inflows: Performance gains were $23.97 billion on the month, hedge funds' 10th straight of positive average returns.
Eurekahedge said that long/short equity funds have been the biggest beneficiaries of the inflows, adding $30.7 billion this year. But interest (and investment) in event-driven funds have seen that strategy grow larger than $200 billion, its highest asset level ever.
Even funds of hedge funds were carried along, enjoying their first positive quarterly flows since the beginning of 2008.
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…