Q1 2002 Sees $5.6 Billion Hedge Fund Inflow
In its quarterly fund flow analysis, Tremont’s TASS Research found that investors continued to favor such strategies as event driven and convertible arbitrage, while, for the first time since the end of 1998, long/short equity funds suffered a net asset loss.
The $5.6 billion first quarter net inflow compares with a net inflow of $8.8 billion in the fourth quarter of 2001, a year during which Tremont’s TASS Research noted a record $31 billion in new assets.
During the first quarter:
- the event driven category again led asset growth, gaining $1.95 billion of net assets
- convertible arbitrage captured $1.66 billion in net assets
- fixed-income arbitrage was the third most popular strategy, adding $710 million in net assets.
- long/short equity funds lost a net $407 million of assets compared to a net inflow of $1.9 billion in the last quarter of 2001.
Other first quarter findings included the fact that emerging markets and managed futures funds continued to gain assets, at $407 million and $396 million, respectively.
« Initial Claims Dip, Lines Remain Long