Friday, 27 November 2015
Last updated 37 min ago
Mar 27 2012 | 8:48am ET
Investors poured about $3.25 billion into hedge funds in February, the first month of inflows since August 2011, bringing total assets under management in the industry to $1.75 trillion.
The Dow Jones Credit Suisse Hedge Fund Index was up 1.61% in February, with nine of the 10 strategies followed in the black
Convertible arbitrage and managed futures strategies saw the largest asset inflows on a percentage basis in February, at 0.97% and 0.64%, respectively, from January 2012.
Directional strategies, such as long/short equity, generated positive returns for the second month in a row. Managers noted that the market appeared to trade more on fundamentals as stock correlations declined and stock prices reacted in line with post earnings announcements;
Global macro managers and managed futures funds posted gains thanks to positive market sentiment driven by further global monetary easing and better-than-expected macroeconomic data.
Fixed-income arbitrage managers posted gains as managers have, in some instances, been able to benefit from the risk-on environment through model convergence trades as volatility compressed over the course of the month.
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…