Monday, 30 March 2015
Last updated 2 days ago
Mar 18 2014 | 11:29am ET
Hedge funds added 1.79% in February as industry assets under management reached a record high $2.03 trillion, according to Eurekahedge.
Hedge funds recorded performance-based gains of US$15 billion and net asset inflows of $11 billion during the month.
Long/short equities hedge funds recorded their 15th consecutive month of positive net asset flows, with net capital allocations to the strategy for 2014 standing at $19.0 billion.
On the flipside, trend-following strategies posted their ninth consecutive month of net asset outflows in February, and saw redemptions worth $12.7 billion over this period.
Total assets in North American hedge funds reached a new high of $1.36 trillion with assets growing by $11.1 billion in the first two months of the year.
Japan-focused hedge funds recorded their second consecutive month of negative returns, down 1.12% year-to-date.
Distressed debt funds delivered their eighth consecutive month of positive returns, up 2.25% during the month and 3.37% year-to-date.
In 2013, a total of 1,124 new funds were launched while 777 funds reported themselves as liquidated, bringing the current size of the hedge fund industry to 10,757 hedge funds.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…