Hedge Fund Assets: Growing, Especially in Emerging Markets, Event Driven and Long Short Equity

Tremont Capital Management 's third quarter hedge fund asset flows shows an overall growth of 1.6%, with emerging markets, event driven, and long short equity drawing the most capital. All three strategies have performed very well through September.

In contrast, outflows were experienced in convertible arbitrage and equity market neutral. Convertible arbitrage was -3.06% in the first 10 months of 2005 accordign to the CSDFB/Tremont convertible arbitrage index. Global macro and equity market neutral also experienced net outflows.

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