Global hedge fund assets under management hit a record high of $2.1 trillion in the first quarter, according to Eurekahedge, an alternative assets research firm.
Hedge funds gained 0.9% in the first quarter, with fund managers delivering performance-based gains of $21 billion and recording net asset inflows of $38 billion over this period.
Eurekahedge's North America hedge fund index was up 2.3% in the first quarter, outperforming the S&P 500 index gain of 1.3% over this period.
Total assets in North American hedge funds reached a new high of $1.4 trillion, with assets growing by $33 billion in the first quarter on the strength of performance-based gains and capital allocations in February.
