Updated with correction
Hedge funds toppled another record high point when industry assets totaled $2.4 trillion as of June 30.
Aggregate hedge fund assets were up 1.2% from March 31, 7.2% from Dec. 31 and 20.3% from Dec. 31, 2011, according to Hedge Fund Research's second-quarter 2013 asset flows report.
Hedge fund industrywide assets have been climbing every year after hitting a nadir of $1.4 trillion at the end of 2008, HFR reported.
Net inflows were $14.5 billion in the second quarter and $15.2 billion in the first quarter. Midyear total net inflows of $29.7 billion were higher than first-half net inflows in 2012 of $20.4 billion.
HFR reported that 60% of hedge fund managers reporting results to its database experienced net inflows in the second quarter. New inflows totaled $55.9 billion in the quarter ended June 30 and outflows stood at $41.4 billion.
By contrast, hedge fund flow estimates from eVestment showed net inflows of just $1.7 billion year-to-date June 30 and net outflows of $4.3 billion in the second quarter. However, eVestment estimated in its second-quarter 2013 hedge fund asset flow report that total industry assets as of June 30 were higher — $2.7 trillion — than HFR's figure.