July 21, 2010

Hedge Funds Still Attracting Billions in New Cash

DealBook, DealBook

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Sign Up for DealBook E-Mail DealBookHome Mergers &Acquisitions InvestmentBanking I.P.O. /Offerings PrivateEquity HedgeFunds VentureCapital Legal modifyNavigationDisplay(); Hedge Funds Hedge Funds Still Attracting Billions in New Cash July 21, 2010, 2:32 am

Hedge funds pulled in $9.5 billion during the second quarter with nervous investors preferring to send their money to the biggest and best established managers, according to industry tracker Hedge Fund Research on Tuesday, Reuters reported.

Hedge fund managers have seen flat returns on average as they have battled a volatile market so far this year, but that hasn’t stopped wealthy investors from sinking...

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