Hedge Funds $16 Billion
Hedge Funds Attracted $16 Billion in October 2010
Distressed securities funds took in the most cash, receiving $3.8 billion in October, the research firms said today in a report. Fixed-income funds received the least of any strategy, taking in $506 million, the smallest amount since April.
“Hedge fund investors are exhibiting a healthier appetite for risk,” Sol Waksman, president of Fairfield, Iowa-based BarclayHedge, said in the report. “They are finally venturing into areas like distressed securities after embracing conservative strategies for most of the year.”
Hedge funds, with worldwide assets of $1.6 trillion, gained an average of 2 percent in October, according to the report. The Standard & Poor’s 500 Index of large U.S. stocks returned 3.8 percent in October including dividends. Source