U.S. stocks continue to hit new highs, with hedge fund assets reaching $5.2 trillion

According to Gate market data, Wall Street is once again showing signs of prosperity, with the stock market reaching new highs repeatedly. The S&P 500 Index and the Nasdaq 100 Index both closed at historic highs this month. Data shows that in the first quarter of this year, hedge funds attracted a total of $45 billion, setting a record high since 2007, with the industry's asset size reaching $5.2 trillion. Trend-following quantitative funds had an annual increase of about 10% in May, outperforming the U.S. stock market.