Hedge Funds Add $21B In February

Date: Monday, April 7, 2008
Author: FINalternatives.com

Hedge fund inflows rebounded somewhat in February, as the industry brought in more new money than it had in several months.

Investors added $21.3 billion to hedge funds in February, TrimTabs Investment Research and BarclayHedge said yesterday. Most of the money—$12.9 billion—went into funds of hedge funds, with the remaining $8.4 billion going to single-manager funds.

“Hedge funds navigated the turbulent markets in February extremely well,” Charles Biderman, TrimTabs CEO, said.

Hedge funds added $257 billion last year.