Saturday, 23 July 2016
Last updated 11 hours ago
Mar 12 2013 | 2:08pm ET
Hedge funds enjoyed net inflows of more than $4 billion to open 2013, according to BarclayHedge and TrimTabs Investment Research.
The industry took in $4.3 billion in new cash in January after shedding $20.7 billion in December. According to BarclayHedge founder Sol Waksman, that could mark a turnaround for hedge funds.
"Although assets have been flowing out of hedge funds and equity mutual funds, now that the fear of a major tail-risk event destabilizing Western economies has subsided, we're starting to see assets flowing back," Waksman said.