(Bloomberg) Hedge funds using mathematical models to bet across asset classes raised a net $29 billion last year, reversing a $16 billion outflow in 2014, according to data from Eurekahedge.
Investors turned to algorithms as they sought to benefit from a pick-up in volatility and divergent monetary policy across the globe. Macro hedge funds, which follow economic trends to bet on stocks, bonds and currencies, raised $4.7 billion after recording $14 billion of outflows in 2014.
