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Hedge Fund Assets Up in August

(Alpha-Week) Data shop eVestment published its hedge fund asset flows report today, seeing global hedge fund asset flows coming in slightly positive in August, with $4.74 billion added to the $3.3 trillion-plus industry. Year to date net flows to the industry stand at $15.38 billion. Asset flows in August were more widely dispursed across funds and strategies than in the past months. If the trend continues, that would ameliorate some concerns about industry consolidation eVestment data indicated in previous reports, which showed a minority of funds getting the majority of new money.

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