$19 Billion Pours into Hedge Funds in August

Previous PostGeorge Graham Joins Sotheby’s Concierge
Next PostTom Ford Seeks Investors

The light at the end of this recession tunnel is starting to look a little more brightly. The NY Times is reporting that investors poured $19 billion into hedge funds in August due to renewed market optimism.

According to HedgeFund.net, hedge funds booked inflows of $19.6 billion in August. Total hedge fund assets rose 2.56 percent, or $47.09 billion, to hit $1.886 trillion in August. This marks the third month out of the past four where inflows were greater than outflows, a surefire sign that the recession may slowly be creeping towards an end. Here’s hoping.

Via NY Times

connect with haute living National