Hedge funds received a net $12.7 billion from investors in the third quarter, an increase of 9.5 percent from the previous three months, as investment returns improved, according to Tremont Capital Management Inc.
“Third-quarter performance was up about 5.9 percent, so inflows were due to the pickup,” said Stephen Jupp, vice president of quantitative research at Rye, N.Y.-based Tremont.
