October best month for hedge fund business

| 08/12/2010

(Bloomberg): Hedge funds received net deposits in October of $16 billion, the largest since November 2009, as investors were willing to take more risk, according to experts. Distressed securities funds took in the most cash, receiving $3.8 billion in October, a report reveals. Fixed-income funds received the least of any strategy, taking in $506 million, the smallest amount since April. “Hedge fund investors are exhibiting a healthier appetite for risk,” Sol Waksman, president of Fairfield, Iowa-based BarclayHedge, said in the report. “They are finally venturing into areas like distressed securities after embracing conservative strategies for most of the year.”

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