Saturday, 21st November 2009

 

21 October 2009 - Press Briefing

Equities rally helps hedge funds break four-quarter outflow streak

Hedge funds, boosted by this year’s equities rally, broke a four-quarter outflow streak as the industry registered net inflows worth $1.1bn (€734.6m) in the third quarter, Hedge Fund Research said, according to a report in The Wall Street Journal.

While over two-thirds of funds attracted new money for the three months ended September, redemptions at fund of hedge funds continued - with $3.2bn being taken out during the given period, HFR said.

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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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