Hedge funds reach record size thanks to recent strong returns

Strong returns during the third quarter have boosted the hedge-fund industry to its largest size ever, offsetting a more muted appetite among investors for these types of funds, research data shows, according to the good folks at Reuters…..

Global hedge funds now oversee $2.2 trillion in assets, up from $2 trillion at the end of the 2011 and more than double what they invested for their wealthy clients in 2005, new data released by Hedge Fund Research on Thursday show…..

Assets grew by $80 billion during July, August and September with some $70 billion coming from better performance and only $10.6 billion coming from net new investments from clients…………………………………………………………………………………………………………………………

Read all about it at http://www.reuters.com/article/2012/10/18/us-hedgefunds-flows-idUSBRE89H0XT20121018