Tuesday, 21 February 2017
Last updated 3 days ago
Jul 23 2007 | 2:13pm ET
The highly-publicized problems in the sub-prime mortgage market, and its high-profile hedge fund victims, have not dampened investor enthusiasm for hedge funds, Hedge Fund Research said today.
Investors poured $58.7 billion in new money into hedge funds during the second quarter, HFR said, pushing total hedge fund assets to $1.74 trillion.
“We still see extremely strong flows to hedge funds, with second-quarter 2007 the second-best quarter on record, trailing only the last quarter,” Kenneth Heinz, HFR president, said in a statement.
Funds of hedge funds hit a new asset-level record, adding $17.4 billion to reach $745 billion.
Among individual strategies, HF said that relative value arbitrage, which includes some multi-strategy credit funds, added $16.4 billion, and equity hedge $12.6 billion.