GlobeOp Reports on Hedge Fund Gains
The hedge fund administrator GlobeOp reported recently that hedge fund investors have put more money into their funds recently. GlobeOp Capital Movement Index measures the net inflow into hedge funds.
The first three months of this year show that the average hedge fund is up 4.9%. Some funds are up even more. Crispin Odey’s Odey Europen fund, for instance, gained 21.1% and Johnny de la Hey’s Tosca fund rose 13.7% to mid-March. The CQS Directional Opportunities fund with Michael Hintze was up 13.9% to end-February.
Certainly, this is all encouraging news for those in the fund industry like Corey Ribotsky. Many in the industry believe that the positive outlook has been boosted, in part, by the Long Term Refinancing Operations through the European Central Bank.
