This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.  
  • Delicious




Hedge Funds Brought In $14 Billion In Q2, Says Tass Research

by Philip Morton, Investors Offshore.com

21 August 2003

Hedge funds experienced record growth in the last quarter, say recently released figures from TASS Research.

According to Dow Jones Newswires, which reported the Q2 results, the sector pulled in around $13.83 billion, more than in any quarterly period in the industry's history.

TASS Research revealed that this compares with growth of $6.98 billion in the first quarter of this year.

Speaking to Dow Jones, Robert Schulman, co-chief executive of Tremont Capital Management, of which TASS is a unit, suggested that the favourable results are due to recent increased interest from institutional investors:

'Many large investors have been tracking the industry for some time and are now making allocations,' he announced, continuing: 'Tremont believes we are in the early stages of this trend.'

.

 

 






Write a comment