Oh Occupy Wall Street protesters, won't you leave Wall Street alone? They're suffering just like the rest of us!
(Reuters) – Hedge funds took in $6.1 billion in August as the industry outperformed slumping markets, according to data released on Monday.
August marked the seventh month this year when inflows into the $2 trillion hedge fund industry exceeded redemptions, according to figures compiled by BarclayHedge and TrimTabs Investment Research. Hedge funds took in $51 billion in the first eight months of the year.
$6.1 billion in one month.
And remember, hedge fund managers only pay 15% in capital gains taxes. Perhaps even less than that thanks to their ability to hire teams of exceedingly knowledgeable accountants.
Far less than you or your neighbors, certainly.