Hedge funds pull in almost $13B in November

Date: Tuesday, December 14, 2010
Author: Alistair Barr, MarketWatch

Hedge funds pulled in roughly $13 billion in new money from investors in November, the fifth consecutive month of inflows and a shift from the pullbacks that marked the first part of year, a research group reported Monday.

Hedge fund assets climbed 0.08% in November to $2.409 trillion, according to estimates by industry data tracker HedgeFund.net.

Net investor flows accounted for an increase of $12.97 billion while performance reduced assets by just over $11 billion, the firm added.

In October, investors plowed a net $18.4 billion into hedge funds. That followed inflows of $12.2 billion in September, $6.73 billion in August, $7.72 billion in July and a net outflow of $2.54 billion in June, according to HedgeFund.net data.

”The continuation of net inflows, especially following the surge in October, is an important sign of support as the trend in the first half of the year was of declining rates of growth,” HedgeFund.net said in a statement.