Thursday, 21 August 2014
Last updated 4 hours 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note