Friday, 1 August 2014
Last updated 7 hours ago
Apr 22 2014 | 2:00pm ET
Hedge funds took in more new money during the third quarter than in any such period in three years, pushing the industry’s total assets to a new record.
Net inflows totaled $26.32 billion between January and March, according to Hedge Fund Research. The industry now manages $2.7 trillion.
Last quarter was the seventh straight in which industry assets hit a new record.