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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?


To: richardred who wrote (2113)4/22/2008 7:19:10 AM
From: richardred  Respond to of 7256
 
Hedge funds bring in only $16.5B in first quarter
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[Posted on April 21, 2008 at 5:53 PM]
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Filed under: Editor's Choice | Hedge funds | PE fund-raising | Private Equity
Tagged: Hedge Fund Research , hedge funds , PE fund raising
041808_wallstreet.jpgThe hedge fund juggernaut is finally slowing down. A new report by Hedge Fund Research Inc. said that the asset class brought in only $16.5 billion of new cash in the first quarter, its weakest inflow since 2005.

The industry finished March with $1.875 trillion under management, only a slight uptick from the $1.868 trillion under management at the end of 2007 -- a banner year for hedge funds as investors put $194 billion into the sector. Investors withdrew close to $1 billion from global macro hedge funds and redeemed over $4 billion from merger arbitrage managers, the report noted. On the other side of the ledger, distressed debt hedge funds took in almost $8 billion in new capital in anticipation of opportunities in that space. - George White
thedeal.com