Hedge funds had their fifth consecutive period of record net inflows in the second quarter, according to a report released Monday.
Research by Tremont Capital Management Inc. said hedge funds gained $43.3 billion of net assets during the quarter, after $38.2 billion of net inflows to the product during the first quarter. Last year, the global hedge fund industry grew by $72.2 billion of net assets.
The second quarter was the fourth in a row during which the three most popular strategies in terms of attracting inflows were long-short equity, event-driven investing, and global macro. The categories had $13.5 billion, $7.7 billion, and $6.3 billion of net inflows, respectively.