Hedge funds took in $3.8 bln in September — data

BOSTON, Nov 8 (BestGrowthStock) – Global hedge funds took in $3.8
billion in new money in September, marking the third straight
month of inflows, data released on Monday by TrimTabs and
BarclayHedge show.

As hedge fund industry performance improved — the average
fund rose 3.5 percent in September, investors again made
allocations. September was “a good month for hedge-fund
managers,” said Sol Waksman, founder and president of
BarclayHedge.

Waksman said nine out of 10 managers reported a profit for
September.

Investors added $16.1 billion into hedge funds in the past
three months, leaving the industry with $1.6 trillion.
(Reporting by Svea Herbst-Bayliss; editing by Andre Grenon)

Hedge funds took in $3.8 bln in September — data