Wednesday, 24 August 2016
Last updated 16 hours ago
Apr 21 2010 | 11:03am ET
It’s as if the global economic crisis never happened at all: The world’s hedge funds manage almost as much money today as they did in October 2007, just as everything came tumbling down.
Globally, hedge funds can boast of $1.67 trillion in assets, just 2% less than they managed at their peak, according to Hedge Fund Research.
Hedge funds have continued their winning ways this year, HFR said. The average fund is up 2.56% this year, on top of the 24.55% they added last year. Relative value funds have led the way, posting positive returns in each of the last 15 months.