Opalesque Industry Update - Investors added an estimated $16.44 billion into hedge funds in February 2021, bringing YTD inflows to $23.74 billion. Performance was accretive to asset levels and total estimated industry AUM increased to $3.408 trillion. The industry saw net inflows in February, but that has been the norm in February's data post-2009, said eVestment. The level of net inflows would also appear to be nothing special as they were virtually identical to the average February net inflow over the past 11 years. But behind the aggregate data there is plenty to feel good about so far this year. February's net inflow was the largest February in a few years and together with January's upward revision the industry has equaled its best start since 2014. It doesn't stop there, however. The breadth of success has also been excellent, a recurring theme since post-Q1 2020 (post-COVID onset), with the highest proportion of managers appearing to have net inflows since at least January 2016.