n "> (Reuters)-Hedge Fund took to 6.1 billion in August as markets outperformed industry collapses, according to data released Monday.
August marked the seventh month this year, when the collection of the hedge fund industry 2 billion surpassed repayments, according to data compiled by BarclayHedge and TrimTabs Investment Research. Hedge funds took in 51 billion dollars in the first eight months of the year.
Vicious market sell-off that began in August and continued until September hurt many hedge fund managers, who lost 5.02% on average in the third quarter, according to Bank of America Corp.
The wild market swings returns also demolished for such industry stars such as John Paulson and Lee Ainslie.
Paulson has risen to fame with prescient bets on subprime crisis and gold, but his hedge fund Paulson firm, & co., is one of the worst performers this year. One of his largest funds, advantage Plus, is off 46.73 percent in 2011, said that he saw the numbers to two people. The Fund lost 19.35% in September alone.
Despite the disappointing performance by individual managers, investors continued to pour money into hedge funds, which has exceeded the Standard and poor's 500 stock index in the first eight months of the year.
"Recent Inflows may have in part to its excellent performance," said the President BarclayHedge Sol Waksman. "While the S P 500 dipped & 10.6 per cent in the four months ended August, Barclay Hedge Fund index decreased only 5.6 per cent".
Waksman also said that preliminary figures for September showed hedge funds beat S & P 500 once again last month.
Risk-averse investors have piled into fixed income hedge fund in 2011. This type of Fund, which invests in securities such as corporate bonds and Treasury securities, was the most popular destination for the new capital in 2011, taking into 14.6 billion dollars this year.
Fixed income funds are also the best results by type of Fund in 2011, returning the 3.6 percent, data showed BarclayHedge.
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