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Two funds climbed some 70percentt.
In 1995, the funds climbed 28percentt, and he dissolved them.
On average, hedge funds climbed 5.23percentt last month, leaving them up 9.43percentthis yearaccordingding to an index of monthly returns compiled by Hedge Fund Research.
Flows to aggressive-growth funds rose to $9.65 billion in June, from $5.77 billion in May, while flows to growth funds rose to $9.14 billion from $7.77 billion and flows to sector funds climbed to $4.47 billion from $1.68 billion.
But while private equity and hedge funds climbed over each other to finance the making of "Merger" into a silver-screen thriller back then, they have since cut back dramatically, according to The New York Times.
The number of United States households owning mutual funds climbed 4.5percentto to a record 50.6 million this year, as the popular investment continued to attract new money, the Investment Company Institute said today.
Similar(52)
The $1 billion Pequot Technology fund climbed 35percentt.
Meanwhile Terry Smith's Fundsmith Equity fund climbed 8%, as its largely US-focused portfolio benefited from the fall in sterling.
This year, distressed assets of the flagship Third Avenue Value fund climbed to10percentnt of its $2.5 billion in total assets, from only 2percentt at the end of 2000.
The fund climbed 44% in the first few months but fell 70% before closing in 2001.
Venture capital funding climbed from $623 million to $1.5 billion during the same period, primarily on solar and biofuel deals.
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