After outflows in December in and weak inflows in January, investors allocated more to hedge funds last month than in any month since eVestment started tracking monthly flows in October 2008, though quarterly data implies that there were higher inflows in mid-2007. Hedge funds gained $41 billion from inflows and another $45.9 billion from performance for a total 3.1% increase in assets under management (AUM). According to a March 19 eVestment report, total industry assets are now at $2.93 trillion, quickly approaching the all-time peak reached in mid-2008. Hedge funds that outperformed in 2H13 were rewarded in February, receiving 63%…