Hedge fund assets rebound, near $2 trillion-report

Reuters – Rising markets and a fifth straight month of investors adding money pushed hedge fund assets close to $2 trillion in September, according to industry research firm HedgeFund.net.

Globally, hedge fund assets rose nearly 3 percent last month to $1.95 trillion, a net increase of $56.4 billion from August. The bulk of the increase came as stocks, bonds and other assets rose in value.

Total assets peaked at $3 trillion in spring 2008, according to HedgeFund.net, whose industry asset estimates are significantly higher than those of rival hedge fund trackers.

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