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From Kirsten Bischoff, Opalesque New York:

Fixed income funds have boasted positive returns in 18 of the past 19 months and are up +6.93% for the year so far. In light of market-lagging performance across the rest of the hedge fund universe this has meant fixed income managers have been able to secure small but steady inflows during almost the entire year. In July, the strategy posted inflows of $1.2bn.

Within the US, the hedge fund capital for fixed income and bonds may be south Florida. Jorge de Cardenas, Director and Co-founder of hedge fund administrator Kaufman Rossin Fund Services said during this summer's Opalesque Roundtable: Florida that fixed income funds represent a solid portion of the new funds his firm was setting up.

"There are over 25 funds in South Florida that have $100m of assets or more, some with over $10bn," said South Florida Hedge Fund Association President Michael Corcelli in a recent interview with local Florida news outlet Daily Business Review.

One Florida-based fixed income firm is III Offshore Advisors (referred to as "Triple I"), based in Boca Raton. Launched 28 years ago by Clifford Viner and Warren Mosler, the firm has been around long enough to witness multiple fixed income cycles, and yet has posted only two down years. The first drawdown occurred in 1998 and the second a de......................

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