Hedge Funds Assets Peak
Hedge Funds Have Biggest Quarterly Gain of $120 Billion
Most of the increase came from investment performance, with the HFRI Fund Weighted Composite Index posting a gain of 5.17%.
Hedge funds also pulled in $19 billion of new money during the third quarter. It was the third consecutive quarter that investors added to their holdings of these private investment vehicles. The industry took in $9.5 billion of new money in the second quarter and $13.7 billion in the first quarter.
By comparison, investors yanked $131 billion out of hedge funds in 2009 after withdrawing $154 billion in 2008.
HFR said the combination of investment performance and new investments pushed the cumulative net asset value of its broad-based index over the previous record level set in October 2007. Source