Friday, 28 August 2015
Last updated 4 hours ago
Oct 12 2011 | 6:42am ET
Undaunted by poor returns, hedge fund investors have pushed the industry's assets to their 2006 levels.
Hedge funds managed $2.16 trillion at the end of the first half, up 6.7% from the beginning of the year, according to HedgeFund Intelligence. Most of the growth came in the biggest hedge funds, those managing more than $1 billion, which added $150 billion in assets and now manage $1.85 trillion. The largest 345 firms account for 82% of total industry assets.
It wasn't just the biggest firms that grew, it was the biggest hedge fund centers. Assets grew in the U.S., which accounts for almost three-quarters of global hedge fund assets, as well as in Europe, but fell 5% in Asia.
The growth puts hedge funds back where they were in 2006. But they still have a ways to go to reach their $2.6 trillion historic high, hit in 2007 prior to the financial crisis.
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…