Hedge funds raked in record assets in 2001

Hedge funds attracted a record $8.8bn (€10bn) in net assets in the fourth quarter of 2001 and a total of $31bn for the whole year.

The fourth-quarter and full-year gains were the largest recorded by Tass Research, the information and research unit of Tremont Advisers, which started tracking fund flow information in 1994.

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