Hedge Funds Enjoy Third Straight Month Of Inflows

Aug 19 2009 | 2:40am ET

Hedge funds have had their best-ever first seven months, and investors have rewarded them by returning to the asset class.

The industry took in some $2.1 billion in new money last month, according to Eurekahedge, its third straight month of net inflows. Hedge funds, which returned 2.2% on average on the month, also made $8.5 billion in the markets in July. The industry now manages $1.35 trillion after its third-straight monthly increase in assets.

Investors poured $15 billion into hedge funds last month, while redeeming only $12.9 billion.

The turnaround is also beginning to show itself in the number of hedge funds running, with Eureka predicting that the gap between funds closing and those launching will narrow this quarter. But the difficult fundraising environment means it will be some time—mid-2010, Eureka says—before the new funds make a dent in overall industry assets.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note