Monday, 30 November 2015
Last updated 22 min 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%.
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…