Study: Single-Manager Hedge Funds Regain Lost Ground In 2010

Apr 20 2011 | 8:47am ET

Single-manager hedge funds recovered in 2010, with assets under management growing 11% over 2009 to $1.6 trillion and new fund launches increasing 51% to 1,184, according to new research from PerTrac.

In its latest industry study, Sizing The 2010 Hedge Fund Universe, PerTrac says hedge funds of funds saw their AUM continue to decline in 2010, falling 10.5% year on year (and 31% from 2008) to $518 billion.

After peaking in 2009 at 2,425, the number of CTAs dropped back to 1,997 in 2009, approximately the same level as in 2008.

There were 9,572 single-manager hedge funds in 2010 and almost half of reporting funds (3,763) manage less than $25 million.

Most fund of funds are small, reports PerTrac, with just 108 reporting AUM over $1 billion and 70% reporting under $100 million.

In addition, about 47% of funds report to only one database, meaning investors must rely on more than one database to get a clear picture of the hedge fund space.

 


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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