More than $39 bln flowed into hedge funds in July, $8.9 bln in August A report on big outflows and redemptions from hedge funds in July was wrong, according to TrimTabs Investment Research and the Barclay Group, the two firms that compiled the estimate. Rather than a net $32 billion leaving hedge funds that month, $39.1 billion flowed into the business in July, the firms said on Wednesday. In August, TrimTabs and Barclay Group estimated $8.9 billion of inflows into the $1.9 trillion industry. Hedge fund performance wilted toward the end of July and deteriorated further in August amid credit market turmoil. That sparked fears of big redemptions by some hedge fund investors. The July outflows that were estimated by TrimTabs and Barclay Group in early September seemed to confirm such concerns. At the time, TrimTabs said de-leveraging and risk reduction by funds of hedge funds was a major cause of the turbulence in credit and equity markets in July and August. http://www.marketwatch.com/news/sto...x?guid={E5BC8DD2-75CA-49AD-807F-23B32AE71E2B}