September flows into hedge funds were the third lowest this year, netting only $18.6 billion as some investors fled funds with subprime exposure, Reuters reports, citing data from
On the other hand, with emerging markets funds delivering the best performance during the month, 5.7%, 61% of the net flows to hedge funds, or $11.4 billion, went to these funds.
Hedge funds that have suffered the most from the credit crisis saw the greatest outflows, with equity market neutral funds losing $3.5 billion, equity long funds losing $1.4 billion and assets in fixed income funds dropping by $1 billion.
