Monday, 23 January 2017
Last updated 2 days ago
Mar 25 2013 | 12:26pm ET
Investors began 2013 with their first net investments in hedge funds last summer.
Net inflows into single-manager hedge funds reporting to Morningstar's database were $3.3 billion in January, the research firm said. The new cash broke a four-month streak of outflows to close out 2012.
Over the 12 months to January, however, hedge funds were nursing a net $1.1 billion outflow.
Multi-strategy hedge funds enjoyed the largest net inflow in January, taking in $1.8 billion. Global macro funds added $873 million. On the other side, long-only funds suffered a $738 million net outflow and global long/short equity funds $142 million.