May 15, 2014 / 10:26 AM / 3 years ago

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

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