Fifth Month Of Gains Net Hedge Funds $33.8B In Sept.

Oct 22 2009 | 1:26pm ET

The global hedge fund industry grew for the fifth-straight month in September, according to Eurekahedge, which declared the era of big net redemptions stemming from the economic crisis over.

Hedge funds managed $33.8 billion more at the end of last month than at the end of August, according to Eureka. Some $15.1 billion of that new money came in the form of inflows, and another $18.7 billion from performance. Hedge funds have had, by some measures, their best first three quarters in history this year.

Eureka said global hedge fund assets should crest $1.5 trillion by the end of the year.

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