Tuesday, 30 September 2014
Last updated 4 hours ago
Jul 21 2006 | 5:42pm ET
New money poured into hedge funds at a dizzying pace during the second quarter, according to Hedge Fund Research. The funds raked in $42.1 billion in new investments during the quarter, bringing total assets in the industry to a whopping $1.225 trillion. HFR reported that investors were lured into hedge funds by their strong performance in Q1. The inflows are the largest on record for any quarter since HFR began tracking them in 2003.
Equity managers were the biggest asset gatherers, pulling in more than $13 billion in new money during the quarter. Global macro managers came in second in terms of new money, seeing inflows of $8.4 billion, while event-driven strategies lured $4.8 billion, according to the Chicago-based research firm. Meanwhile, fixed-income arbitrage strategies saw the biggest outflows, losing $164 million in assets for the quarter.
Funds-of-hedge funds also saw new money streaming their way. The funds pulled in $15.6 billion, while during Q1 they attracted less than half of that ($6.4 billion).
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...