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U.S. stocks repeatedly hit new highs, with hedge fund assets reaching $5.2 trillion
Mars Finance News, according to Gate Market Data, Wall Street is once again showing signs of prosperity, with the stock market repeatedly reaching new highs. The S&P 500 Index and the Nasdaq 100 Index both closed at record highs this month. Data shows that in the first quarter of this year, hedge funds attracted a total of $45 billion in capital, the highest since 2007, with industry assets reaching $5.2 trillion. Trend-following quantitative funds gained about 10% in May alone, outperforming the U.S. stock market.