Hedge Funds Up 1.1% In August, Take In $4.5B

Sep 8 2009 | 12:48pm ET

For hedge funds, August was a very good month. The industry posted its sixth-straight up month, and investors continued to return to the sector, according to Eurekahedge.

The Eurekahedge Hedge Fund Index rose 1.1% last month, according to preliminary figures. The research firm credited rallies in the equities and sovereign debt markets for the bump. The Eureka index is up 13.1% year-to-date.

That performance has not gone unnoticed by investors, which have slowly been returning to hedge funds since pulling hundreds of billions of dollars last year and early this year. Hedge funds took in $4.5 billion in new money in August, more than double July’s $2.1 billion inflow.

Hedge funds do remain on the losing side in one column of the ledger: The number of hedge funds are still down year-to-date, with 300 new funds taking the place of 400 closed funds.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...