Hedge Fund Inflows Totaled $600 Million In December

Jan 20 2010 | 1:02pm ET

Hedge funds found $600 million in new money under their Christmas trees, according to a report from Eurekahedge.

Investors poured $600 million into hedge funds last month. Combined with some $4 billion in performance gains, that made December the eighth-straight month that global hedge fund assets grew.

All told, hedge funds managed $1.48 trillion on New Year’s Eve, Eureakhedge said.

Hedge funds bounced back in a big way last year, with some indices reported gains of nearly 25% after the average hedge fund lost double-digits in 2008.

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