Funds Hub

Money managers under the microscope

2009 – an annus mirabilis?

December 18, 2009

There is already hard data out from HFR showing hedge funds received net inflows of $1.1 bln in Q3 (small, but nevertheless a relief after $330 bln of net outflows in the year to June).

Hedge funds suffered their own annus horribilis in 2008. REUTERS/Reuters Photographer.

Hedge funds suffered their own annus horribilis in 2008. REUTERS/Reuters Photographer.

However, anecdotal evidence suggest it has picked up much more strongly in Q4, helped, no doubt, by gains of 17.53 pct so far this year, according to Credit Suisse/Tremont.

An interview with GlobeOp CEO Hans Hufschmid (incidentally a former LTCM partner) yesterday revealed gross and net inflows and outflows had all returned to pre-crisis average levels. (GlobeOp should know — it has $106 bln of client assets, mostly hedge funds, under administration).

If 2008 was hedge funds’ annus horribilis (when their obituary was prematurely written), will 2009 be known as its annus mirabilis?

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