U.S. stocks keep hitting record highs, hedge fund assets reach 5.2 trillion dollars

According to ChainCatcher, data from an exchange market shows that Wall Street is once again booming, with the stock market repeatedly reaching new highs. The S&P 500 Index and the Nasdaq 100 Index both closed at historic highs this month. Data indicates that in the first quarter of this year, hedge funds attracted a total of $45 billion, marking the highest record since 2007, with the industry's assets under management reaching $5.2 trillion. Trend-following quantitative funds saw a year-to-date increase of about 10% in May, outperforming the US stock market.