Monday, 27 April 2015
Last updated 1 hour ago
Aug 11 2006 | 12:00am ET
Assets under management in hedge funds have continued their robust growth, according to Tremont Capital Management research, in spite of recent less-than stellar returns.
Hedge funds added $38.3 billion in net inflows during the second quarter to rise to $954 billion, a 4.19% jump. Tremont’s Asset Flow Report showed fixed-income arbitrage the big winner with 7.28% growth, following a tiny 0.81% increase in the first quarter.
Global macro strategies also saw assets increase by more than 7%, adding 7.16% following the first quarter’s 4.04% rise. Emerging markets continued to attract big money, following up last quarter’s 7.97% increase with a 5.83% jump in the second quarter.
“Investors are opportunistically diversifying their portfolios,” said Tremont CEO Robert Schulman. “Money is flowing into hedge funds generally, while within the industry investors are adjusting their portfolios to take advantage of the changing opportunity set.”
All 10 strategies tracked by Tremont posted net inflows during the second quarter, with managed futures adding 5.87%, equity market neutral 5.07%, long/short equity hedge 3.86%, dedicated short bias 3.84%, multi-strategy 3.11%, convertible arbitrage 3.01%, and event driven 2.28%.
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…