Eurekahedge: industry on track to hit $1.5 trillion mark by year-end

Date: Friday, October 23, 2009
Author: Eurekahedge.com

The Eurekahedge Hedge Fund Index rose 2.6% in September (est.), bringing its YTD returns to 16.1%.

Managers attracted capital for the fifth consecutive month with net inflows of US$15.1 billion in September, bringing the current assets under management to US$1.43 trillion. The industry is on track to hit the US$1.5 trillion mark by year-end, with performance being positive (or flat at worst) on average for the rest of the year, irrespective of how the underlying markets fare.