According to research by HFR, the hedge fund industry attracted a record $194.5 billion in new investor capital in 2007. Inflows for 2006 were $126.5 billion.
Third quarter down
Inflows in the fourth quarter, however, were smaller than those in the previous three quarters. Only $30.4 billion of new money came in from September to the end of December 2007 as investors awaited more market clarity.
Average industry returns on the whole for 2007 were slightly above 10%.
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