Report: Hedge Fund Industry Now Tops $1.78 Trillion

Online information provider HedgeFund.net estimates total hedge fund asset levels increased 3.53% from $1.725 to $1.786 trillion during the third quarter of 2006. Net new assets allocated to hedge funds increased an estimated $51.5 billion. The increase is less than the two prior quarters, but still represents the third highest inflow since the beginning of 2005.