Hedge fund assets soar to record high amid boom in trading profits
The pandemic era has been great for hedge funds, which have seen their assets boom to a record amid high hopes for the economy and huge government spending.
Total assets for the industry swelled to $4.07 trillion as of the end of March, according to the most recent data from BarclayHedge. Assets under management first topped the $4 trillion mark in February.
That growth has come thanks both to solid performance and heightened interest from investors who continue to plow cash into the space. Over…
