Burgeoning hedge funds’ growth takes a clipping
Monday, April 28, 2008 : PermalinkDenver Post- Not long ago, hedge funds were so hot that conferences traveled the country showing investors how to start their own. With returns falling back to earth, the buzz has waned.
Hedge funds, which generally cater to big institutional investors and wealthy individuals, attracted $16.5 billion in new capital during the first quarter of 2008, according to Hedge Fund Research. That amounts to about 0.9 percent of hedge funds’ total assets under management and marks the smallest growth since the fourth quarter of 2005.
At the same time, hedge funds endured their worst quarterly performance in almost four years, according to Morningstar.