Reuters – Assets managed by hedge funds betting on emerging markets rose to more than $121 billion in the first quarter of 2011, toppling the previous record of $117 billion set in 2007, according to data released by industry tracker Hedge Fund Research (HFR) on Friday.
The quarterly asset total increased by more than 6.5 percent as hedge fund investors raised exposure to emerging Asia and Russia, HFR said in a statement.
