Hedge Funds Have 2nd Best Fundraising Quarter

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.


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