Monday, February 7, 2011
Hedge Funds Post Inflow of $6.6 Billion in December 2010, Sixth Straight Inflow
New York, NY – February 7, 2011 – TrimTabs Investment Research and BarclayHedge report that the hedge fund industry posted an estimated inflow of $6.6 billion (0.4% of assets) in December 2010, the sixth straight inflow. Industry assets stand at $1.7 trillion, the highest level since October 2008.
“The December inflow is very bullish for the industry because year-end redemptions typically produce an outflow in December,” said Sol Waksman, founder and President of BarclayHedge. “Additionally, about 50% of hedge fund managers will collect fees for their performance last year, a much larger share than 32% in 2009, and we estimate that industry revenue in 2010 clocked in at a hefty $53 billion.”
Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.
Copyright © 2010 by Barclay Hedge
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