The global hedge fund industry saw assets rise to a record $3.24tn at the end of Q2 2018, despite net outflows of US$3.0bn over the quarter, buoyed by positive market moves.

However, the Exchange-traded funds (ETFs) and exchange-trade products (ETPs) surpassed hedge funds in assets under management in the second quarter of 2015 and extended that lead to $1.75tn th