Hedge fund assets climb to $3.8 trillion in first quarter – HFR
Stock market movements on an electronic display. Photographer: Paul Hanna/Bloomberg
Worldwide aggregate hedge fund assets reached an estimated $3.801 trillion as of March 31, data by Hedge Fund Research showed.
The total represents a 5.6% increase from $3.6 trillion three months earlier, the fourth straight quarter of rising assets, according to the firm s quarterly asset flow report released Wednesday.
Hedge fund assets fell 11% to $2.957 trillion in the quarter ended March 31, 2020, due primarily to the economic impact of the COVID-19 pandemic.
Investment returns were the primary driver for the increase in assets in the first quarter, accounting for $195.4 billion in asset gains, while estimated net inflows totaled $6.1 billion.
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