Hedge Funds Attract $16.5 Billion, Least Since 2005

Bloomberg- Hedge funds attracted $16.5 billion of new cash in the first quarter, the smallest inflows since the end of 2005, as a credit drought, falling home prices and a U.S. economy on the brink of recession damped investor enthusiasm.

The drop in deposits followed a record 2007, when investors pumped $194 billion into the loosely regulated investment pools globally, according to a report today by Chicago-based Hedge Fund Research Inc. Industry assets rose 0.4 percent in the quarter to $1.88 trillion, the smallest increase in four years.

“The financial-market volatility which characterized the second half of 2007 accelerated in the first quarter of 2008, Kenneth Heinz, president of Hedge Fund Research, said in a statement.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Uncategorized. Bookmark the permalink.

Comments are closed.