Staff
The hedge fund industry has finally recouped the assets it lost during the height of the credit crunch and is back to 2008 levels, according to new data from Eurekahedge.
Industry assets stand at US$1.63 trillion after the value of its investments rose by $18 billion (2.27%) and investors injected a net $10.2 billion in October.
October was the fourth consecutive month that hedge funds made money. They are up 7.3% this year, compared with 4.6% from global markets, Eurekahedge notes.
The data provider also indicated that more than 600 funds have launched this year.