Hedge flows above pre-crisis levels -Martin Currie
Thursday, September 17, 2009 : PermalinkGuardian – Scottish fund firm Martin Currie is seeing investors put money into its hedge funds at a faster rate than before the credit crisis, an executive told Reuters, in another sign the industry is reviving. After $300 billion of net client outflows between October and June, there are tentative signs investors are returning to a sector where performance has turned around sharply since 2008′s record losses.
Andy Sowerby, managing director of sales, marketing and client service at Martin Currie, which runs $1.2 billion in hedge fund assets, said inflows were at or above levels seen in late 2006 and early 2007, when the industry was near its peak.
Tags: credit-crisis, crisis levels, fund-assets, hedge fund, hedge funds
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