Hedge fund assets in aggregate received just enough net inflows and investment returns to reach a new industry high of $2.8 trillion as of Sept. 30, data from Hedge Fund Research showed.
Assets were up 0.6% compared to June 30, representing the ninth consecutive quarterly record.
Net inflows in the quarter ended Sept. 30 were $15.9 billion, down 47.9% from the $30.5 billion hedge funds attracted during the previous quarter.
Despite the slow down in growth during the third quarter, net inflows for the nine months ended Sept. 30 were $72.7 billion, compared to $63.7 billion for all of 2013, HFR data illustrated. The year-to-date Sept. 30 net inflows were the highest for the first three quarters of any year since 2007, HFR researchers said in a news release accompanying their inflows report, which was released Monday.