March boon for hedge funds

 
City A.M. Reporter
INVESTORS put more cash into hedge funds in March, data from hedge fund administrator GlobeOp shows, encouraged by a rebound in financial markets.

Net inflows into hedge funds, as measured by the GlobeOp Capital Movement Index, which tracks monthly net subscriptions to and redemptions from hedge funds managing $187bn, were 0.35 per cent of that total during March, better than the 0.02 per cent net withdrawal seen in March a year ago.