02-07-2015 21:57 via news.yahoo.com

Hedge funds see more demand fuelled by solid first half returns

By Svea Herbst-Bayliss and Nishant Kumar BOSTON/LONDON (Reuters) - Hedge funds will likely attract billions of dollars in new money in the next six months after posting solid returns in the first half even as Wall Street's sell-off, sparked by Greece's debt drama, took a bite out of some managers' June returns. Hedge funds that bet mainly on stocks could take in as much as $14 billion (9 billion pounds) in fresh cash in the second half, roughly double what came in during the first five months of
Read more »