Net hedge fund inflows were a record $123 billion in 2004, according to year-end data from Tremont Capital Management's TASS Research service. That's a 70% increase from the $72.2 billion in 2003. Growth slowed toward the end of last year with the lowest net inflow — $16.3 billion — coming in the fourth quarter. Robert Schulman, co-CEO of Tremont Capital, attributed the slower growth in the second half to depressed hedge fund returns, which were the result of low equity market volatility.
2004 hedge fund inflows set record
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