The world’s biggest hedge funds walked away with the lion’s share of the industry’s $9.5bn of net inflows despite a whipping from market volatility which hurt the sector in the second quarter of 2010.
The world’s biggest hedge funds walked away with the lion’s share of the industry’s $9.5bn of net inflows despite a whipping from market volatility which hurt the sector in the second quarter of 2010.
Hedge funds with more than $5bn in assets under management saw $8.8bn of new cash out of the $9.5bn which flowed into the sector, according to data provider Hedge Fund Research.
Those larger firms now manage over 60pc of the $1.65 trillion of assets under management – down from $1.67 trillion in the preceding three months.
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Capital inflows in the first half of the year totalled $23.2bn, only 20pc of the record inflows recorded in 2007. But despite the much needed fresh money from investors, hedge funds had a very tough ride as they battled against swinging markets.
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