Jul
20
Hedge Fund Outflows Slowed in Second Quarter as Quant Funds Won
By-
Redemptions fell to $8.2 billion from $15.1 billion, HFR says
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Industry’s global assets rose by the most in more than a year
The amount of money leaving hedge funds slowed in the second quarter as firms that rely on computer algorithms made money in the selloff following the U.K.’s vote to exit the European Union.
The industry saw $8.2 billion in net outflows in the second quarter, about 46 percent less than in the prior three months, Hedge Fund Research Inc. said Wednesday in a report.
Global hedge fund assets rose by $42.1 billion in the second quarter to nearly $2.9 trillion, the third-highest quarterly total on record. Asset growth was the strongest since the first quarter of 2015, boosted by a 2 percent return for the HFRI Fund Weighted Composite Index…
Hedge Fund Outflows Slowed in Second Quarter as Quant Funds Won
