Monday, 24 November 2014
Last updated 1 hour ago
Oct 9 2009 | 2:08am ET
Hedge funds’ strong performance in September pushed total industry assets near $2 trillion, according to HedgeFund.net.
The average hedge fund returned roughly 3% last month, netting the industry $49.4 billion in new assets. That, combined with inflows of $7 billion, pushed HFN’s (consistently high) estimate of global hedge fund assets to $1.95 trillion.
That inflow marked the either straight month that hedge funds have taken in new money from investors. Much of that money went to statistical arbitrage funds, which saw assets rise 13%. Event-driven funds also took in a good deal of new money, with assets rising 8%.
Despite the equities market rally in September, long-only funds seeing net redemptions of 4%. Multi-strategy funds and convertible arbitrage funds also suffered net redemptions.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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