$19 Billion Pours into Hedge Funds in August

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