Hedge-Fund Assets Rose $34 Billion in September on Market Gains

Bloomberg – Hedge-fund assets increased by about $34 billion in September, a fifth straight monthly gain, helped by improved investor confidence and global stock market gains, Eurekahedge Pte said.

Net inflows into hedge funds totaled $15.1 billion in September, while performance-based gains made up $18.7 billion, bringing total assets under management to $1.43 trillion, the Singapore-based research firm said in a report posted on its Web site today. The Eurekahedge Hedge Fund Index, tracking more than 2,000 funds globally, gained 2.6 percent in September, bringing its year-to-date advance to 16 percent.

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