Hedge Funds Post First Gain in Assets in Year

``Hedge funds were finally able to stem the tide of investor redemptions last quarter, recording a small, but symbolic, $1.1 billion net gain in assets under management — the first such gain in a year, according to Hedge Fund Research. The move follows 12 months in which investors pulled an astounding $330 billion out of the hedge fund market, which at it zenith last year had around $1.8 trillion in assets.''