Hedge-fund assets hit a new record high in the first half

Andrea Riquier
Hedge-fund assets hit a new record high in the first half

Assets managed by hedge funds rose to a record in the first six months of 2019, thanks to better performance and investor inflows, according to an industry report out Friday. Hedge funds increased assets to $3.245 trillion, edging past the previous record of $3.244 trillion in the third quarter of 2018, according to the HFR Global Hedge Fund Industry Report. HFR’s composite index of hedge-fund performance showed a gain for the overall industry of 7.44% in the first half of 2019, the highest since 2009, when they gained 9.6%.