Tuesday, 1 December 2015
Last updated 13 hours 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.
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…