Emerg­ing market hedge funds see surge in in­flows

The Hindu Business Line - - FRONT PAGE - BLOOMBERG

Money is pour­ing into emerg­ing market hedge funds for the first time in two years.

In­vestors added a net $800 mil­lion to funds fo­cused on the cat­e­gory in the sec­ond quar­ter, the first in­flows since the sec­ond quar­ter of 2015, Hedge Fund Re­search Inc said on Tuesday in a re­port. Since June 2015, the funds had been hit by more than $9.6 bil­lion in out­flows as re­gional cur­ren­cies sunk.

“In­vestor risk tol­er­ance in­creased, driven by out­stand­ing per­for­mance and re­gional eq­uity market out­per­for­mance con­cen­trated in emerg­ing Asia,” HFR Pres­i­dent Ken­neth J Heinz said in the re­port. The new cap­i­tal helped in­crease as­sets in emerg­ing market hedge funds dur­ing the quar­ter to a record $213.3 bil­lion, HFR said.

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