Friday, 27 November 2015
Last updated 51 min ago
Aug 10 2011 | 10:53am ET
Hedge funds broke a two-month losing streak last month, but July was the first time in more than a year that investors pulled more money from the industry than they added.
The HFN Hedge Fund Aggregate Index rose 0.82% last month. That allowed the industry to grow by 0.67% to $2.578 trillion, HedgeFund.net said. Investors pulled a net $8.14 billion from hedge funds on the month, the first net outflow since June of last year.
“The investor flow trend since May has been of declining net allocations and rising redemptions which led to the net outflow in July,” HFN said. Redemptions hit equity, statistical arbitrage, event-driven and emerging-markets funds hardest.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…