Reuters- Investors added $18.6 billion in new money to hedge funds in September, marking the third-lowest inflow this year, according to data released on Tuesday.<\/p>\n
Funds that specialize in emerging markets took in 61 percent of the total as investors added $11.4 billion, TrimTabs Investment Research reported. Emerging markets funds were also the month’s best performers, returning 5.7 percent.<\/p>\n
TrimTabs, well-known in the mutual fund industry for its weekly snapshots of where investors put their money, moved into the $2 trillion hedge fund industry in September when it published asset flow data for the month of July, marking the first time that data was available so quickly.<\/p>\n
The company teamed with BarclayHedge and is releasing the data 12 times a year.<\/p>\n
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In September, investors pulled the most money out of hedge funds seen vulnerable to the credit crisis and stock market decline. So-called equity market neutral funds lost $3.5 billion in assets while equity long biased funds saw $1.4 billion leave. Investors pulled $1.0 billion out of fixed income funds.<\/p>\n