Sunday, 22nd November 2009

 

22 July 2009 - Press Briefing

Hedge funds enjoy AUM growth as redemptions slow down

The hedge fund industry’s total client assets surged more than $142bn (€99.9bn) in the second quarter of this year, data published by Hedge Fund Research on Tuesday showed, according to a report in the Financial Times.

Net of redemptions, the sector presently has $1,430bn in funds under administration, HFR said, up $100bn from its nadir in March. Client outflows slowed to $42bn, from a peak of $152bn in the quarter following last September’s collapse of Lehman Brothers, the data showed, as per the FT report.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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