Wednesday, 25 November 2015
Last updated 6 hours ago
Nov 16 2010 | 2:17pm ET
Investors poured more money into hedge funds last month than they have in almost a year.
Net inflows into the industry totaled $18.4 billion in October, HedgeFund.net reports. That's more than 50% more than September's net inflow and marks the fourth straight month of inflows.
It is also the biggest net inflow since November 2009.
Hedge funds made their own breaks in October, as well, with performance gains of $52.7 billion. The industry grew by 3.04% on the month and now manages $2.41 trillion.
"The continuation of net inflows is an important sign of support as the trend in the first half of the year was of declining rates of growth," HFN said.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…