Hedge Funds Add 1.7% In First Half

Jul 22 2011 | 9:08am ET

Hedge funds were up 1.7% in H1 2011, according to the Dow Jones Credit Suisse Hedge Fund Index, showing positive performance in four months out of six.

Funds attracted an estimated $33.8 billion in inflows during the first half of the year, which puts the industry on track to triple 2010 asset inflows.

Fixed income arbitrage strategies were the winners in H1, attracting $18.4 billion, followed by global macro ($14.4 billion) and long/short equity ($9.0 billion).

Dow Jones Credit Suisse estimates current industry AUM at $1.8 trillion as of June 30, 2011, up from $1.7 trillion in December 2010.

Hedge funds with $500 million or more under management attracted the lion’s share of new inflows in the first half, or $12.1 billion.


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