Hedge funds bring in only $16.5B in first quarter

The 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.

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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
 
See Bloomberg story on HFR report
See Hedge Fund Research website

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