Reuters- The hedge fund industry recorded net inflows of $41.1 billion (20.7 billion pounds) in the third quarter, taking assets under management (AUM) up to an estimated $1.73 trillion, research firm Lipper said on Friday.
The hedge fund industry’s AUM exceeds the combined gross domestic product of the world’s low-income countries, home to 2.4 billion people, according to the World Bank’s definition, and is just below one-tenth of the market value of all domestic shares listed on the New York Stock Exchange.
The third-quarter net inflow was the third highest in any quarter, according to the Lipper Tass hedge fund database, whose information stretches back to January 1994.
