BOSTON, April 19 (Reuters) – Hedge funds are back and bigger than ever
BOSTON, April 19 (Reuters) – Hedge funds are back and bigger than ever.
Fueled by fresh investor demand, these loosely regulated portfolios now manage $2.02 trillion, marking an all-time high for the industry, data released on Tuesday by Hedge Fund Research (HFR) show.
The previous record for assets was $1.93 trillion and was reached in the second quarter of 2008.
Investors added $32 billion in new money during the first three months of 2011, sending the biggest amount of new dollars to hedge funds since the third quarter of 2007, HFR said.
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