Hedge Fund Assets Set New Record

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    The recent demand for event-driven and trend-following hedge funds has led to assets under management (AUM) in the industry setting three quarterly records in a row, says HFR. Its hedge fund indices ended the first quarter at $3.07 trillion. This followed a $47 billion increase – or 1.6 per cent rise in value – over the three months. There were net asset inflows to event-driven and macro strategies, but there were also outflows from equity hedge and relative value arbitrage strategies.