Saturday, 27 December 2014
Last updated 2 days ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.