European Hedge Funds Hit Asset Record

Apr 16 2014 | 2:55pm ET

The European hedge fund industry has more than fully recovered from the financial crisis, at least in terms of assets under management.

Strong inflows and investor interest in the continent pushed European hedge fund assets up to $476.2 billion at the end of last month, surpassing the previous record of $473 billion set in October 2007, just as the global economic crisis began to snowball.

European hedge funds haven’t exactly rewarded that confidence just yet, returning 1.7% so far this year, according to Eurekahedge. North American hedge funds have been the best performers, rising 2.3%.

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