Hedge fund industry reaches US$4.3 trillion milestone in first quarter
Add BT as a preferred source
THE global hedge fund industry ended the first quarter with a record US$4.3 trillion in assets, data provider HFR said on Monday (Apr 22).
The industry added US$190 billion in assets in the first quarter, the sixth consecutive quarter of growth, it said.
Hedge funds’ performance was the main driver of asset growth, as funds went up 4.52 per cent in the first quarter, according to the HFRI Fund Weighted Composite index.
The industry also added US$16.6 billion in net new money in the quarter, especially to equity and event-driven hedge fund strategies.
HFR said in a statement that portfolio managers took advantage of an environment involving unprecedented geopolitical risks and macroeconomic uncertainties in the first quarter. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Not retirement, but a rewiring and fresh perspectives post-DBS, says Piyush Gupta
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Should developers build more one-bedroom condo units?
