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

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note