Hedge fund industry assets reached a record high of $3.5 trillion last year. : Hedge funds had their best performance since 2009, thanks to a solid fourth quarter of 2020. Hedge fund industry assets reached a record high of $3.5 trillion last year. WASHINGTON, DC - DECEMBER 28: Speaker of the House Nancy Pelosi (D-CA) heads back to her office ... [+] after she opened up the House floor on December 28, 2020 in Washington, DC. President Donald Trump signed a COVID relief bill and government funding bill into law Sunday night, averting a government shutdown.