Asset flows into hedge funds for the second quarter dropped to their lowest level in four years, according to industry research.
According to Tremont, the hedge fund industry received $11.6 billion in net assets for the second quarter - down from a net gain of $24.6 billion for the first quarter of 2005. Tremont attributes the decrease in inflows in part to lower hedge fund performance in the first quarter.
Research by HFR Group reached similar conclusions, showing industry inflows down to $10.9 billion in the quarter from $27.3 billion in the first quarter.
Those hedge fund strategies attracting