The alternatives industry has just set a new record: global assets under management (AUM) have surged to $10.31tn.

According to Preqin, the industry is now well on its way to meeting Preqin's 2018 forecast of $14tn in AUM by 2023.

Mark O'Hare CEO, Preqin said: "Global markets have continued their upward path, and the outlook is certainly challenging. T