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Hedge fund assets edge to record $5.64tn
Global hedge fund assets edged up to a record $5.64tn in the third quarter, as investors kept allocating capital through a period of rising interest rates and volatility in technology stocks, according to new data from HFR. Net inflows of $34.5bn more than offset performance-based losses of $27.4bn, extending the industry’s run of asset growth to 16 consecutive quarters. The modest gain contrasts sharply with the second quarter, when assets surged by a record $409.3bn. Total industry capital has risen by $480bn so far this year, including $124.1bn of net investor allocations. Kenneth J. Heinz,