Monday, July 11, 2011
Hedge Funds Take in $8.1 Billion in May, Fifth Straight Inflow. Year-to-Date Inflow of $75.0 Billion Marks Heaviest Since 2007.
New York, NY – July 11, 2011 – The hedge fund industry posted an inflow of $8.1 billion (0.5% of assets) in May 2011, report BarclayHedge and TrimTabs Investment Research. The inflow marks the fifth straight as well as the seventh in eight months. Industry assets remain unchanged at $1.79 trillion, just below the highest level since October 2008.
“Hedge fund investors have been pouring money into funds,” explains Sol Waksman, founder and President of BarclayHedge. “The industry hauled in $75.0 billion in the first five months of 2011, which marks the heaviest such inflow since 2007. Performance, however, has hardly been stellar. The Barclay Hedge Fund Index shows a year-to-date return of just 2.1% through May, and many managers are in the red for the year.”
Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.
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