Saturday, 18 April 2015
Last updated 10 hours ago
Oct 1 2012 | 8:37am ET
Hedge funds added $34.6 billion to their assets under management in August, a 1.4% increase that brought total AUM to $2.6 trillion, according to eVestment|HFN.
Performance accounted for $13.1 billion of that increase but the bulk came from investor inflows, which totaled $21.5 billion. The August net inflows brought year-to-date gains in AUM to $31.0 billion. The industry had witnessed outflows in four of the five preceding months.
Credit strategies hit record high AUM of $756.7 billion in August, as investors added an estimated net $14.6 billion and performance kicked in an additional $9.5 billion.
Equity funds, which had seen outflows in 12 of the past 13 months, added an estimated $5.8 billion in August while performance added an additional $7.7 billion, bringing total AUM to $787 billion.
Macro and managed futures funds reported slight net inflows in August with $940 million more being added than redeemed whileemerging market hedge funds were slightly negative in August, for a third consecutive month.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…