The global hedge fund industry grew for the sixth-straight month in October, as inflows easily outpaced performance losses.
Investors added $10.2 billion in new money to hedge funds last month, Eurekahedge reports, while the industry lost $2.4 billion on the markets. The industry’s total assets now stand at $1.45 trillion.
European hedge funds drove the month’s inflows, taking in $3.92 billion in October. Of the five regions tracked by Eureka, only Japan suffered outflows, with hedge funds suffering redemptions totaling 1.7% of assets. Japan’s fellow Asian hedge fund industries, by contrast, did much better, adding $3.15 billion, or 3.33%.
Hedge funds have taken more than $72 billion in new money over the past six months
