WEST PALM BEACH, FL (HEDGECO.NET) – The hedge fund industry gained $25.1 billion of new investor assets during the third quarter of 2004, according to a Tremont report. These assets were slightlylower than the assets attracted in the previous two quarters, during which a total of $38.2 billion and $43.3 billion were devoted to hedge fund managers. However, this data was slightly above theyear-ago data according to Tremont.
In the third quarter of 2003, hedge funds attracted $24.6 billion and $45.4 billion during the first nine months of the year, according to Tass data. During the third quarter of 2004, several strategies attracted more investor interest than the others. The global macro strategies, fixed income arbitrage, and other multi-strategy funds were the most favored strategies by hedge fund investors during the period.
The three most popular strategies during the quarter were; Long/Short Equity, Event Driven and Global Macro. These strategies experienced net inflows of $6.9 billion, $4.6 billion and $4.2 billion respectively, Tremont research said.
Tremont compiled such data from analysis of $615.4 billion of global hedge fund management assets. Tremont estimates that the global hedge fund industry manages about $890 billion in investor assets and another additional $265 billion are estimated to be invested in managed accounts.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
HedgeCo.Net is the most popular hedge fund database and community in the world. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
Be sure to check out our sister sites. www.hedgefundlounge.com, www.hedgefundtools.com, and www.hedgefundemployment.com.
