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.
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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.
To read the full story, visit reuters.com
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