The latest research from Tremont Capital Management's TASS Research unit has revealed that despite the bullish stock market, investors allocated a record $24.6 billion to hedge funds in the third quarter of this year.
This brings the total inflows for the year to $45.4 billion, a marked improvement on 2002, when hedge funds throughout the world pulled in just $16.3 billion for the entire year.
According to TASS, Long/Short Equity hedge funds attracted the greatest interest during Q3, bringing in around $5.9 billion. Event Driven and Global Macro funds followed close behind, with $5.6 billion and $3.1 billion respectively.
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