Thursday, 26 November 2015
Last updated 19 hours ago
Jun 9 2009 | 12:17pm ET
Hedge funds continued to hemorrhage assets in the first quarter, but better times are ahead, according to a new report from Lipper.
Hedge fund outflows totaled $115.7 billion in the first three months of the year. Outflows slowed significantly from the fourth quarter of last year, dropping by 21%, but the first quarter was still the second-worst in terms of outflows in 15 years.
All strategies posted outflows during the quarter, but equity long/short funds were the hardest hit, with $34 billion evaporating. All told, hedge fund managed $1.18 trillion at the end of March, down from $1.29 trillion at the beginning of the year.
Lipper blamed the lifting of redemption restrictions for the continued outflows. But the report suggests that outflows will continue to slow this quarter, and that hedge fund might actually begin to take in new money by the third quarter.
The report said that larger institutional investors, especially pension funds, are beginning to come back to the hedge fund industry.
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…