Aggregrated asset inflows double since last quarter

Aggregated asset flows into hedge funds more than doubled from the fourth quarter last year to the first quarter of 2003, according to a recent manager poll. The survey carried out by LJH Global Investments and Reuters found that investors put $1.4bn into hedge funds in the first quarter of 2003, representing a significant increase over the previous quarter's inflows of $596m. LJH cited as a possible reason for the jump in asset flow the rapidity of the conclusion of hostilities in Iraq, and earnings being surprisingly upbeat. LJH president and chief investment officer James Hedges...