FT: Hedge funds show best quarterly results - Spear's Magazine

FT: Hedge funds show best quarterly results

Hedge fund managers forecast that a wave of investor cash would flow into the industry in coming months after evidence of the best quarterly performance by many funds in a decade.

Hedge fund managers forecast that a wave of investor cash would flow into the industry in coming months after evidence of the best quarterly performance by many funds in a decade.

Total assets under management by the world’s hedge funds rose more than $142bn in the second quarter of 2009, reflecting the strong performance of the industry as a whole, according to figures published on Tuesday by Hedge Fund Research.

Outflows from clients slowed to $42bn, from a peak of $152bn in the quarter following last September’s collapse of Lehman Brothers, and are expected to turn positive in the coming months as investors begin to reallocate funds to the industry.

A leading hedge fund manager, who declined to be named, said “This is the best time for generating alpha [peer outperforming returns] in 10 years.

“These are historic times to invest both for funds themselves and investors in funds.”

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