Strong First Quarter Pushes Hedge Fund Assets To Record

Apr 22 2013 | 2:12pm ET

The world's hedge funds grew by a combined $122 billion in the first quarter, according to a new report.

The increase was the largest enjoyed by the industry since the end of 2010, Hedge Fund Research said. Most of the growth is attributable to investment performance; hedge funds took in a net $15.2 billion in new money on the quarter, their best inflow since the first quarter of last year.

Globally, hedge funds now manage a record $2.375 trillion.


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