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  3. Hedge Funds Gained $24.6 Billion In Third Quarter, Says TASS

Hedge Funds Gained $24.6 Billion In Third Quarter, Says TASS

by Philip Morton, Investors Offshore.com

01 December 2003


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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