Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.
Sunday, 4 December 2016
Last updated 1 day ago
Sep 9 2009 | 11:54am ET
Hedge funds have bounced back in a big way from catastrophic losses last year, and investors rewarded them last month with more than $8 billion in inflows.
The industry took in $8.3 billion in new money in August, according to preliminary data from BarclayHedge and TrimTabs Investment Research. The inflow comes amidst an up-and-down year for hedge fund flows; investors pulled $20 billion from the industry in July. But the research firms say they expect the volatility of inflows and outflows to recede as the year comes to a close.
“By the end of the year, we expect flows to stabilize and probably be up slightly,” TrimTabs’ Vincent Deluard said.