- NEWS Desk Global
HEDGE FUND INDUSTRY REACHES $4.3 TRILLION MILESTONE IN FIRST QUARTER
The global hedge fund industry concluded the first quarter of the year with a historic high of $4.3 trillion in assets, according to data provider HFR. This marked the sixth consecutive quarter of growth for the industry, with $190 billion in assets added during the quarter. The performance of hedge funds was a significant contributor to the asset growth, with funds posting a gain of 4.52% in the first quarter, as measured by the HFRI Fund Weighted Composite index. Additionally, the industry saw a net inflow of $16.6 billion in new capital during the quarter, particularly into equity and event-driven hedge fund strategies.
HFR noted that portfolio managers capitalized on an environment characterized by unprecedented geopolitical risks and macroeconomic uncertainties throughout the first quarter. This suggests that hedge funds were able to navigate challenging market conditions and deliver strong returns for investors.