And the big get bigger…
| Dec 22nd, 2009 | Filed under: Hedge Fund Industry Trends, Today's Post | By: Alpha Male |
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Despite increased due diligence, particularly on the operations front, and a lot more tire kicking, sizing up and in many cases just saying no, money is flowing back into hedge funds’ coffers. Where it’s flowing, though, isn’t to emerging hedge fund managers or start-ups, or even to funds with less than $1 billion in assets under management (AUM).
According to a report released this month by Barclays Capital’s prime services division, some $150 billion in cool cash flowed into the hedge fund industry in the first nine months of the year, mostly to mid- and large-sized funds with assets of $5 billion to $10 billion and more. Managers of mid-sized funds in particular – those in the $5 billion to $10 billion AUM camp – reported that year-to-date inflows actually outpaced outflows, resulting in net positive flows of approximately 5%. More…
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