Hedge Funds November Fundraising

Hedge Funds November Fundraising

Hedge Funds Raise $13 Billion During Month of November

Hedge funds raked in an impressive $13 billion during November 2010. It is expected that hedge funds continued to raise funds at similar levels in the last month of the year.
November's gains in assets mark the fifth straight month of inflows as well as the biggest monthly flows since February when hedge funds took in $15 billion. In October funds took in $10.4 billion.

After a rocky start to 2010, when many prominent fund managers lost money, returns soon improved, helping spark renewed interest in the $1.6 trillion industry. June was the only month in 2010 with outflows, the research firms said.

The average hedge fund gained about 10 percent last year, lagging the Standard & Poor's 500 index which gained about 13 percent.

Despite hedge funds' more tepid 2010 returns -- in 2009 they rose 19 percent -- and the government's growing insider trading probe which frightens some investors, researchers at TrimTabs and BarclayHedge expect demand to stay strong. Source

Related to: Hedge Funds November Fundraising

Tags: Hedge Funds November Fundraising, Hedge Funds November, Hedge Funds Fundraising, Hedge Funds, hedge funds in november, hedge funds fundraising