Hedge funds took in $6.1 billion in net new flows in August, marking the seventh month of inflows since January, according to BarclayHedge and TrimTabs Investment Research. For the first eight months of the year, hedge funds have seen $51 billion in inflows.
“Recent inflows might owe in part to excellent relative performance,” said Sol Waksman, founder and president of BarclayHedge. “While the S&P 500 plunged 10.6% in the four months ended August, the Barclay Hedge Fund Index decreased only 5.6%. Additionally, our preliminary data for September reveals that hedge funds outperformed the S&P 500 by more than a 2:1 margin again last month.”