Monday, 30 November 2015
Last updated 2 days ago
Dec 21 2007 | 11:07am ET
Market difficulties aside, hedge funds continue to attract big bucks. The industry enjoyed a $41.1 billion inflow in the third quarter, research firm Lipper said. The inflow is the third-largest quarterly take since at least 1994, when Lipper began tracking the data.
Event-driven hedge funds were the biggest beneficiaries of the cash infusion, taking in $15.5 billion. Long/short equity and multi-strategy funds also enjoyed inflows. Fixed-income arbitrage suffered the biggest outflow, at $5.1 billion.
“Growth came from ongoing institutional allocation in a period of heightened volatility across many asset class,” Lipper explained in its report.
Hedge funds have added $101.1 billion in assets in the first three quarters of 2007, a 9% year-on-year increase. In total, hedge funds manage an estimated $1.73 trillion.
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…