Sunday, 24 July 2016
Last updated 2 days ago
Oct 11 2010 | 1:27pm ET
Hedge funds enjoyed their strongest inflows in six months in August, bringing in more than $11 billion on the month.
The industry erased two straight months of outflows with $11.3 billion in new money, according to TrimTabs Investment Research and BarclayHedge. Investors had pulled a total of $3.1 billion from hedge funds in June and July.
The inflows could play a big role for hedge funds over the next several months, according to TrimTabs’ Vincent Deluard.
“We suspect hedge fund managers might invest aggressively in the current quarter,” he said, noting that “the fresh cash flowing into the industry needs to be put to work.”