US stock market hits new high, hedge fund assets reach $5.2 trillion

The S&P 500 index and Nasdaq 100 index closed at historic highs this month, driven by earnings from major tech companies and performance forecasts from Apple Inc. According to data from Hedge Fund Research, hedge funds absorbed $45 billion in funds in the first quarter of this year, setting a record for the highest inflow of funds in two quarters since 2007, with industry assets reaching $5.2 trillion. According to data from Soci é t é G é n é rale, the trend tracking quantitative fund saw a year-on-year increase of approximately 10% in May, outperforming the US stock market.