Saturday, 23 May 2015
Last updated 16 hours ago
Aug 20 2008 | 1:39pm ET
Investors are still shying away from emerging markets hedge funds, as last year’s top-performing strategy continues to suffer from poor returns.
Global emerging markets funds added $995 million in the second quarter, according to Hedge Fund Research. While that is a more than 60% increase compared to the first quarter inflow of $597 million, it is down 72% from the second quarter last year. And if inflows continue at this rate, 2008 could post the lowest inflow since 2000.
The number of emerging markets hedge funds grew by only a handful, standing at 1,061 from 1,057 three months earlier.
“While overall flows have slowed, investors continued to allocate assets to emerging markets hedge funds in the second quarter, indicating a continued belief in the long-term growth prospects for these developing economies,” Kenneth Heinz, president of HFR, said.
Among the trends uncovered by HFR is a growth in emerging markets macro strategies, as funds abandon poor-performing equity hedge strategies.
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…