Reuters – Despite the recent rebuke of hedge funds by the influential California Public Employees’ Retirement System, other investors are pumping billions into these portfolios, boosting industry assets to a record $3.1 trillion, data released on Wednesday show.
Research firm eVestment, which tracks asset flows around the world, said that global hedge fund assets grew by $49.6 billion last month. While performance gains largely fueled the increase, investors added $12.6 billion in new money in August.
