(Funds Europe) Hedge fund assets increased to a record level in the most recent quarter despite redemptions from some of the main strategies. Assets under management reached $3.24 trillion at the end of the third quarter, driven by a $8.4 billion increase due to performance. According to data from HFR, this increase occurred despite ongoing redemptions from macro, event-driven, and relative value strategies. Equity hedge strategies also experienced “small outflows”, HFR said last week.
Hedge Funds Achieve Record AUM Despite Outflows
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