Reuters – Hedge funds look set to end 2011 with higher cumulative net subscriptions than at any time since the collapse of U.S. investment bank Lehman Brothers, as investors opt for alternative strategies to ride out stormy markets.
The GlobeOp Capital Movement Index, which tracks monthly net subscriptions to and redemptions from hedge funds managing around $170 billion of assets, advanced 1.55 points to 141.01 points this month, topping the 140-point mark for the first time since October 2008, when Lehman’s demise sent markets across the world into a tailspin.
