Staff
Total hedge fund assets surged to set another record in the first quarter of 2014.
According to the HFR Global Hedge Fund Industry Report, hedge fund capital increased to US$2.7 trillion ($2.98 trillion), the seventh consecutive quarterly record.
Investors allocated US$26.3 billion of new capital to the industry in the first three months of the year.
Inflows for the first quarter were the largest since investors allocated US$32.5 billion in the second quarter of 2011.
In 2013, total inflows were US$63.7 billion.
Hedge fund assets grew by 1.1% in the first quarter of the year, with gains across relative value arbitrage and event-driven strategies.
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