Hedge funds had nearly $20 billion pour into their coffers last month, as investors flocked back amid revived market optimism.
Hedge funds booked inflows of $19.6 billion in August, according to HedgeFund.net. Total hedge fund assets rose 2.56 percent, or $47.09 billion, to hit $1.886 trillion in August, the report said.
The influx of investments made August the third month in four that inflows outweighed outflows, HedgeFund.net said.