Did you think people were falling out of love with hedge funds? According to gurus at Reuters - Global hedge funds pulled in new money in November, ending months of heavy outflows when investors punished managers for a string of poor returns, new data showed.
Investors put $3.6 billion (2.3 billion pounds) into hedge funds two months ago after having pulled out $9 billion in October and having removed $2.6 billion in September, research firms BarclayHedge and TrimTabs reported on Tuesday.
Investors pulled out $1.3 billion from funds specializing in emerging markets and removed $1.0 billion from so-called equity long-short funds, the industry's most popular strategy. As investors returned to hedge funds in November, they favored multi-strategy funds, which pulled in $1.5 billion, and macro funds, which reported inflows of $981 million. The inflows helped boost the industry's size to $1.71 trillion, but leaving it below the $2 trillion peak reached earlier in 2011….
Read all about it at http://www.reuters.com/article/2012/01/04/uk-hedgefunds-flows-idUSLNE80300V20120104
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