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9 Sep 2009

Hedge funds attract $4.5 billion in Aug 2009

Preliminary reporting from Eurekahedge finds that August marks the 6th consecutive month of positive returns for hedge funds (up 13.1% YTD); hedge funds up 2.6% for the last 12 months, while the MSCI AC World Index is down 18.5% for the same period.

Net inflows for hedge funds reached $4.5 billion in August, with over 50% of the reporting funds attracting capital during the month.

Most hedge funds recorded gains averaging close to or over 2% during August, with European managers (2.6%) delivering the best gains, on average. North American and Latin American funds ended the month with gains averaging 1.8% and 2.1%. Asian managers, on the other hand, underperformed most others, with Japan-specific funds up 0.7% and their Asia ex-Japan-investing counterparts down 1.1%.

There were over 300 new hedge fund launches and 400 fund closures confirmed by Eurekahedge so far this year.

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