A report released on Thursday by investment database and technology solutions firm eVestment indicates that strong inflows in September contributed to the hedge fund industry’s strongest quarter since 2011.
Data from the September and Q3 2013 Monthly Summary Report estimate that investors added about $19.95 billion in assets to the hedge fund industry last month, while performance gains during the same period added another $34.2 billion to the sector.
Credit strategies appeared to be a popular offering as inflows for the group surpassed $20 billion during the third quarter of 2013, bringing its total increase for the year in Q3 to approximately $67.8 billion.
After two consecutive months of redemptions, inflows to MBA-focused funds in August followed by September’s allocations ended Q3 with an additional estimated $1.7 billion to the strategy.
Founded in 2000, Atlanta-based eVestment acquired hedge fund analysis provider Pertrac and cloud-based hedge fund technology provider Fundspire last year. It now offers one of the world’s largest traditional and alternative investment databases.