Hedge Crunch FinancialHedge Fund Quote: Kenneth J. Heinz
According to recent data from Hedge Fund Research, or HFR, hedge fund assets boasted record highs during this year’s first quarter, making it the best first quarter in five years. The report stated that total assets distributed to hedge funds since January passed $16 billion.
The firm added that investors continued to prefer the more experienced and prominent hedge fund managers during the first quarter of 2012.
Kenneth J. Heinz, HFR President, said:
“The record levels of assets and the shifting distribution of these are indicative of powerful trends shaping the hedge fund industry in 2012.
“Sophisticated institutional investors are increasingly allocating to hedge funds as a powerful strategic portfolio complement to existing traditional holdings, utilizing transparency to balance equity market beta, access uncorrelated returns and enhance their ability to exceed target return requirement.”
Comments are currently closed.