Investors grappling with volatile financial markets increased their investments in hedge funds over the past month, data from hedge fund administrator GlobeOp shows, indicating renewed confidence in their abilities to cash in on turbulent asset pricing.

Net inflows into hedge funds, as measured by the GlobeOp(GO.L) Capital Movement Index, which tracks monthly net subscriptions to and redemptions from funds managing around $187bn in assets, rose to 1.24 percent of that total during the month to May 1.