Equity funds still taking in assets

Mon Sep 1, 2003

This year's bumper crop of fund launches shows that U.S. investors have regained their faith in equity

Signs of life in the equity market following the fall of Baghdad helped the latest bunch of long/short equity managers raise assets. Of the $6 billion raised by the biggest 25 launches in the U.S. in the first six months of the year, over half went to equity funds with the rest going to a mixed bag of multi-strategy, macro and arbitrage.

The findings suggest that U.S. investors, at least, have shrugged off the poor returns seen from equity funds in 2002 and are willing to look ahead to a brighter future. As a result, funds like Verus, Brant Point, Cavalry, Rohatyn and Traxis, all of which are run by big high-profile names who were often leaving other hedge fund shops to start on their own, were able to raise...

ISSN: 2151-1845 / CDC10004H

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