$4.5 billion go into Hedge funds in Aug 2009

Net inflows for hedge funds reached $4.5 billion in August, with over 50% of the reporting funds attracting capital during the month.

Preliminary reporting from Eurekahedge finds that August marks the 6th consecutive month of positive returns for hedge funds (up 13.1% YTD); hedge funds up 2.6% for the last 12 months, while the MSCI AC World Index is down 18.5% for the same period.

There were over 300 new hedge fund launches and 400 fund closures confirmed by Eurekahedge so far this year.

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