Hedge Funds Assets Rise for Fourth Month in August

Bloomberg – Hedge funds assets increased by $21.4 billion in August, rising for a fourth straight month, as managers investing in Europe outperformed, Eurekahedge Pte said.

Assets grew for a fourth straight month, adding about $100 billion, the largest sustained growth period since the end of 2007, the Singapore-based research firm said in a report posted on its Web site. Net inflows into the industry totaled $12.6 billion in August, while gains through performance were $8.8 billion, bringing total assets under management to $1.38 trillion, the firm said.

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