Hedge funds report record inflow of assets

TASS Research has reported that hedge funds have recorded an inflow of $8.4bn in net assets in the second quarter of 2001, which was more new assets than were added in all of 2000, writes Joanne Frearson. It was also the largest single quarterly net inflow since TASS Research began tracing fund flow information in 1994. Both the event driven and long/short equity categories were the largest recipients of assets in the second quarter of the year with each registering gains of $2.5bn. Convertible arbitrage followed closely behind bringing in $2.4bn in net assets. Event-driven fund...