The hedge fund industry had net inflows of $41.1 billion in the third quarter, approaching $1.73 trillion in assets under management, according to research from Lipper.

The Lipper Tass hedge fund database said third quarter net inflow was the third highest of any quarter. "Growth came from ongoing institutional allocation in a period of heightened volatility across many asset classes," the report said.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.