Global hedge fund assets hit record high in April
LONDON (Reuters) - Global hedge fund assets under management hit an all-time high of $2.938 trillion in April, beating the previous peak of $2.937 trillion reached before the financial crisis, data provider eVestment said.
"Investors allocated heavily into hedge funds in April, the third consecutive month of elevated inflows," it said in a statement.
A total of $17.9 billion of new money was invested to more than offset a slightly weaker asset-weighted performance and push assets under management to a level not seen since the second quarter of 2008, eVestment added.
(Reporting by Simon Jessop; Editing by Jemima Kelly)
- Israel strikes house of Hamas Gaza leader, digs in for long fight |
- West agrees wider Russia sanctions as Kiev says forces near crash site |
- U.S. says Russia violated nuclear treaty, urges immediate talks
- Judge gives go-ahead for $2 billion sale of NBA's Clippers |
- Jaded Argentines brace for looming debt default