Hedge Funds July Fundraising
Hedge Funds Net $9 Billion in July 2010
Investors jumped back into hedge funds just in time for the industry to turn things around.
Inflows totaled $9.3 billion in July, according to HedgeFund.net, after the industry suffered a net outflow in June. The new money from investors coincided with a return to positive performance last month, which added a further $21.1 billion to hedge fund coffers.
All told, hedge funds ended July with $2.249 trillion, 1.37% more than at the end of June. Source