Gains made by computer-driven hedge funds on June 24 – Brexit Friday – helped to boost industry assets under management worldwide during the second quarter.

Total worldwide assets in hedge funds rose to $2.9 trillion in the three months to June 30, an increase of $42 billion during the quarter, according to data released by Hedge Fund Research on July 20. The growth came despite investor redemptions of $8.2 billion, which were lower than in the first three months of 2016.