Buying at the Peak
Hedge fund assests increased to record levels last quarter just in time to catch the coming decline:
Total hedge fund asset levels increased by 8% in the second quarter of 2007, to $2.593 trillion from $2.401 trillion in the first quarter of 2007, according to a report by HFN (HedgeFund.net).
The Q2 2007 HFN Hedge Fund Industry Asset Flow Report, which details total assets and asset flows across strategies, sectors, regions and asset classes in which hedge funds operate, revealed that new assets allocated to the industry were estimated at $107.3 billion in Q2, while performance gains accounted for an additional $89.6 billion, the second largest gains on record.
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Posted: August 17th, 2007 under Americas, General, hedge funds.
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