Thursday, 28 August 2014
Last updated 6 hours ago
Mar 3 2010 | 5:40am ET
It’s as if 2008 never happened.
Hedge funds are back to where they were three years ago, at least as far as assets under management are concerned. The industry grew by 62% last year, according to the Hennessee Group, bring total assets to $1.96 trillion, roughly where they were before the economic crisis struck.
All told, hedge funds managed $751 billion more at the end of 2009 than they did at the beginning. Much of that increase is the result of strong performance last year, but investors began returning to the sector, as well: Net inflows totaled $448 billion last year.
“Institutions are continuing to wake up to the notion that hedge funds actually add value,” Hennessee’s Charles Gradante said. “This is a direct result of performance during the crisis and 2009.”
The industry’s recovery is proving somewhat slower in Europe, however. European hedge funds grew by 9.1% in the second half of last year to reach $382 billion, according to Hedge Fund Intelligence. At their peak at the end of 2007, the European industry measured $575 billion.
“The hedge fund industry in Europe has turned the corner and is starting to recover quickly from the earlier downturn,” Nick Evans, editor of HFI’s EuroHedge, said.
Taking into account the rash of UCITS III-compliant hedge funds, European funds manage a total of $405 billion.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...