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April 21, 2006
Hedge Funds bag over $24 billion
According to Hedge Fund Research (HFR), the first quarter of 2006 has seen an inflow of $24.04 billion through hedge funds. Contrary to last quarter, thay have performed well with an average fund up by 5.85 percent. And as of now the total industry assets stood at $1.182 trillion dollars.
The largest categories include Equity Hedge which has $359 billion in assets and has seen $8.1billion in new inflows. And Event-Driven with $163 billion in assets, has seen $2.1 billion in new flows. Apart from this, sector wise, Energy funds have been doing well with an average fund returning 8.52 percent in the quarter.
Another growing sector is the Healthcare/Biotechnology sector funds, though a small category with over $8.70 billion in assets, has been growing at a steady rate and has seen a gain of 8.49 percent.
According to Joshua Rosenberg, President of HFR,
The strength of the global equity markets along with dynamic movements in commodities, energy and related securities have created a favorable trading environment for a majority of hedge funds.
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