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In the week ending April 30th 2021, eVestment Hedge Fund Asset Flows Report revealed that hedge funds' strong performance so far this year, which has sparked renewed interest in the business, has helped lifting total hedge fund business AUM to $3.417 trillion at the end of Q1. While investors pulled -$9.36 billion from hedge funds in March, quarterly flows for the business remained positive at +$17.68 billion.

Meanwhile, hedge fund managers ended month of March up 1.04% on an equal-weighted basis, and down 0.63% on an asset-weighted basis, said Eurekahedge. Global equity markets were supported by the implementation of the Biden administration's US$1.9 trillion economic stimulus package and the continued speedy rollout of vaccines.

The Scotiabank Canadian Hedge Fund Index ended March 2021 down 0.10% MOM on an asset-weighted basis and up 0.21% MOM on an equal-weighted basis.

In new launches, Iconiq Capital LLC, an investment firm that manages money for some of the most prominent people in Silicon Valley, is raising a new fund to invest in fast-growing technology companies; Carlyle Gro......................

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