Tuesday, 28 March 2017
Last updated 1 hour ago
Mar 13 2012 | 11:20am ET
Investors continued to give hedge funds their confidence in March, adding to a growing trend of a growing industry.
Net inflows rose 2.1% over the last month, according to the GlobeOp Capital Movement Index. The latest round of good news means that the index is up over 10% over the last 12 months.
"Another month of healthy inflows continues the recent trend," GlobeOp Financial Services CEO Hans Hufschmid said.
In February, redemptions fell to a record low and net inflows were 2.25%, their best since September.