Chidem Kurdas
First quarter net capital inflow to hedge funds was positive but small—$2 billion according to Credit Suisse Tremont Hedge Index data, out of total industry assets of around $1.5 trillion.
With that number in mind, it is impressive that Fortress Group raised over $1 billion (gross) for its various funds during the quarter. At the same time, however, the assets of the firm’ global macro funds decreased, albeit slightly from $3.4 billion to $3.3 billion. (more…)
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