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Money managers under the microscope

Mutual funds gaining ground on hedge funds?

February 17, 2009

rtr9urwHedge funds have gained a increasing share of the investment pie in recent years but the trend could could be reversing, judging by separate comments made by UBS and Deutsche Bank on Tuesday.

Timothy Bell, global head of hedge funds advisory at UBS Wealth Management, said hedge fund assets could fall further to $1.2 trillion this quarter from $1.4 trillion at the end of 2008 and $1.93 trillion at their peak in mid-2008.

At the same time, Deutsche Bank’s DWS unit said it saw inflows into its Asian mutual funds in the first six weeks of 2009.

Comments

In the US stock and bond mutual funds garnered about $35 billion in the first six weeks of 2009

Posted by Avi | Report as abusive
 

Just read the latest Merrill Lynch fund manager survey. Looks like optimism is coming back to financial markets, though it still seems pretty fragile.
It’s only in the hedge fund space where the mood is still gloom and doom — or at least that’s how it looks from my part of the world.

Posted by Kevin Lim | Report as abusive
 

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