Demand for hedge funds heated up again in February

Global hedge funds took in $16.6 billion in new money in February as pension funds and wealthy investors raced to capture a piece of the industry’s recent strong returns, data released on Monday show. The flood of new money helped raised assets in the loosely regulated industry to $1.5 trillion, the highest level since the financial crisis, researchers at TrimTabs Investment Research and BarclayHedge found. “Money is chasing performance,” Sol Waksman, founder and president of BarclayHedge, one of a handful of asset tracking firms in the hedge fund industry, said in a statement. And industry analysts and investors expect more to come.

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Dave Mele exits as Homes.com president 

Dave Mele, president of Homes.com since 2014, has left CoStar Group to pursue “an opportunity outside of the real estate industry,” he confirmed to Real Estate News on Friday.  During his tenure, Mele guided Homes.com through its acquisition by CoStar in 2021 and its emergence as a significant player in the home search market. “We […]

3d rendering of a row of luxury townhouses along a street

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