(FINalternatives) Despite continued net redemptions totaling $1.9 billion in April, performance gains helped boost total hedge fund industry assets by $6.86 billion to $2.986 trillion, according to the April edition of eVestment’s Hedge Fund Asset Flows Report.
In spite of several high-profile announcements about institutional investors getting out of hedge funds, investors continue to allocate money to the funds that performed well in 2015, eVestment said, while pulling money from funds that performed poorly last year.
