Hedge Fund Assets Up 13% In ‘09

Apr 12 2010 | 12:55pm ET

Hedge funds’ strong performance last year pushed the industry’s assets under management up 13% last year. But investors continued to flee funds of hedge funds.

Hedge funds managed US$1.7 trillion at the end of last year, according to International Financial Services London. And that firm’s hometown accounts for 20% of that total, more than double its share a decade ago, although it is unclear what effect higher taxes in the U.K. and tighter regulations in the European Union will have on the British hedge fund industry.

All of the increase in hedge fund assets are attributable to performance last year—the nearly 20% return of the average hedge fund offset a net outflow from the industry of US$85 billion.

The same could hardly be said for funds of hedge funds. Their combined assets are down to about US$500 billion, 17% less than at the end of 2008 and 40% less than their peak two years ago.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.