Saturday, 30 May 2015
Last updated 1 day 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…