Hedge fund capital holds at a record $5.64 trillion
HFR reports a 16th straight quarterly rise in industry capital, with investors adding an estimated $34.5 billion of new money in the third quarter. Multi-strategy funds reached a record $900 billion.
Why it matters: Investors keep backing managers who read fast-moving sectors well, and that rewards analysts who can speak with the people running the businesses they cover.
Source: HFR



