Thursday, 26 March 2015
Last updated 5 min ago
Feb 26 2007 | 11:36am ET
The hedge fund universe grew to some 19,800 distinct products managing $1.41 trillion, according to a review of hedge fund databases released by PerTrac Financial Solutions today. Fund of hedge funds now number approximately 6,100, with about $700 billion in assets.
According to the annual study, about 4,150 of the 13,675 single-manager funds are clone funds. And regulators will be heartened to know that, of the roughly 20,000 funds in databases, more than three-quarters reported performance data in 2006—10,200 of the single manager funds. But the databases aren’t perfect.
“As with prior years’ studies, PerTrac noted significant overlaps between the various databases,” PerTrac managing director Meredith Jones said. But “despite overlap between and widespread growth among the databases, relatively few hedge funds and funds of hedge funds report to more than two or three databases, and almost none report to all 12 databases.”
Only approximately 250 single-manager funds have crossed the $1 billion hurdle, while over one-third remained mired with less than $25 million, according to the study. Some 65% of the funds are offshore offerings, with the remainder being U.S. onshore funds.
A look at the dozen databases tracked by PerTrac showed a 61% jump in hedge funds in databases last year—a 68% increase in single-manager funds and 46% in funds of hedge funds. Sorted for duplication across databases, last year saw a 36% jump in hedge fund listings.
The study also showed that there are about 1,400 commodity trading advisors with approximately $150 billion in assets under management.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…