Tuesday, 24 November 2015
Last updated 3 hours ago
Dec 9 2013 | 11:04am ET
More than six years after the advent of the financial crisis, the world's hedge funds have at last recouped their lost assets.
Hedge fund industry assets hit a new record in November, totaling $1.97 trillion, according to Eurekahedge. That figure surpasses the previous record of $1.95 trillion set in June 2008, as the crisis really began to squeeze the hedge fund industry.
Hedge funds would go on to lose an average of almost 20% that year, but have since posted steady, if unspectacular, returns—the average fund returned 1.37% last month, according to Eureka, about half the 2.8% achieved by the Standard & Poor's 500 Index. Those returns, however, have combined with a renewed appetite among investors for hedge funds; net inflows have been $122.2 billion, about half of which has gone to North American managers.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…