Global hedge fund assets hit record high in April

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Global hedge fund assets under management hit an all-time high of $2.938 trillion in April, beating the previous peak of $2.937 trillion reached before the financial crisis, data provider eVestment said.

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"Investors allocated heavily into hedge funds in April, the third consecutive month of elevated inflows," it said in a statement.

A total of $17.9 billion of new money was invested to more than offset a slightly weaker asset-weighted performance and push assets under management to a level not seen since the second quarter of 2008, eVestment added.

(Reporting by Simon Jessop; Editing by Jemima Kelly)

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