Tags: Hedge | Funds | Billion | Demand

Investors Pour $7.1 Billion into Hedge Funds

Monday, 08 Mar 2010 01:58 PM

 

Hedge funds pulled in $7.1 billion in new money in January, according to data released on Monday that pointed to fresh demand for the loosely regulated portfolios as investors search for better returns.

January's inflows reversed the $4.07 billion that pension funds, endowments and wealthy individuals took out of hedge funds in December.

"The inflow in January is a very positive sign for the hedge fund industry," said Sol Waksman, CEO of BarclayHedge, the tracking company that compiled the data. "The first month of the year typically delivers a redemption-driven outflow."

After a rough period when investors punished managers for poor returns by pulling out about $1 trillion between June 2008 and July 2009, investors are slowly returning to alternative assets. Indeed, many large investors said they expect to put more money with hedge funds later this year.

Hedge funds now manage roughly $1.5 trillion in assets, BarclayHedge said. This is below the industry's highpoint of roughly $2 trillion at the end of 2007 but 24 percent above its low point in April 2009.

In January, investors poured the bulk of new money into funds that bet on distressed securities, BarclayHedge found.

© 2015 Thomson/Reuters. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Days Before Super Bowl, Lawmaker Takes Aim at NFL Tax Status

Wednesday, 28 Jan 2015 16:44 PM

Days before the Super Bowl, a Utah lawmaker is again sponsoring a bill that would punt the tax exemption for professiona . . .

Senators Press GM to Extend Deadline on Victim Compensation Fund

Wednesday, 28 Jan 2015 16:37 PM

General Motors Co. should extend its Jan. 31 deadline to accept applications for compensation from people injured by car . . .

Supreme Court Stays Three Executions Over Drug

Wednesday, 28 Jan 2015 16:00 PM

The Supreme Court on Wednesday stayed the executions of three death-row prisoners in Oklahoma pending its review of the  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved