Last year was a banner year for hedge funds in general, as the industry attracted $31 billion worth of net inflows, according to data from HFM. That total included a challenging fourth quarter, in which investors pulled more than $23 billion from hedge funds.
HFM reported $12 billion in inflows for the first quarter following healthy months in January and February but outflows of almost $2 billion in March. However, looking at different data sources shows how much variance there is among analytics firms. HFR reported $19.8 billion in total inflows for the hedge fund industry in the first...