Investing November 24, 2003

TASS: Q3 Hedge Fund Inflows Set New Record

November 24, 2003 (PLANSPONSOR.com) - Hedge fund investors poured a record amount of net assets, $24.6 billion, into their funds during the third quarter, according to research compiled by Tremont's hedge fund and research unit, TASS Research.
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This comes on the heels of a $13.8-billion Q2 inflow (See  Tremont: Hedge Funds Net Record Inflow For Q2 ) and rounds out 2003 year to date with a record inflow of $45.4 billion through September 30, compared to $16.3 billion for all of 2002, TASS said in a news release.

The strongest Q3 strategy performers were Long/Short Equity with $5.9 billion followed by Event Driven with $5.6 billion and Global Macro with $3.1 billion.   All categories tracked enjoyed inflows during the quarter, TASS said.

The strategies that attracted the most in asset flows were those that offered exposure to the broad markets.   TASS said that this reflects investors’ desire to participate in the equity market recovery in 2003 while also gaining exposure to non-correlated, absolute return strategies.

The TASS Research quarterly analysis of hedge fund flows is based on a comprehensive analysis of approximately $426.9 billion in hedge fund assets.   TASS Research provides data and research on the performance of more than 5,400 funds.

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