Reuters- Investors added $18.6 billion in new money to hedge funds in September, marking the third-lowest inflow this year, according to data released on Tuesday.
Funds that specialize in emerging markets took in 61 percent of the total as investors added $11.4 billion, TrimTabs Investment Research reported. Emerging markets funds were also the month’s best performers, returning 5.7 percent.
TrimTabs, well-known in the mutual fund industry for its weekly snapshots of where investors put their money, moved into the $2 trillion hedge fund industry in September when it published asset flow data for the month of July, marking the first time that data was available so quickly.
The company teamed with BarclayHedge and is releasing the data 12 times a year.
In September, investors pulled the most money out of hedge funds seen vulnerable to the credit crisis and stock market decline. So-called equity market neutral funds lost $3.5 billion in assets while equity long biased funds saw $1.4 billion leave. Investors pulled $1.0 billion out of fixed income funds.
