(Barron’s) A second quarter surge lifted emerging market hedge fund capital to $213.3 billion, a record, and India and China funds were performance leaders, according to Hedge Fund Research data. That puts hedge funds on par with the amount of money in passive strategies, though Institutional Investor notes that active long-only assets under management in emerging markets totaled $767 billion as of June, dwarfing both categories. Still, investors allocated $800 million in net new money to emerging market hedge funds, reversing outflows that have persisted since the second quarter of 2015, HFR notes.

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