Monday, 6 July 2015
Last updated 36 min ago
Aug 28 2012 | 8:50am ET
Single-manager hedge funds (including commodity trading advisors) saw their assets under management rise 5.23% in H1 2012 to $1.89 trillion, according to PerTrac.
On the other hand, funds of hedge funds saw their AUM fall 4.9% over the first half to $425 billion, a decline due in part to a 3.8% decline in the number of funds of funds reporting to databases.
The total amount invested in the hedge fund industry stood at $2.32 trillion by the end of the first half of 2012. The number of funds reporting to databases also increased—up 4.6% to 14,013 (10,754 of which were single-manager funds).
Most of the gains in the number of single-manager hedge funds (75%) came from small and start-up funds with less than $25 million in assets under management.
Investors still tend to favor the larger funds—single-manager funds with AUM over $1 billion managed 60.6% of all single-manager AUM as of the end of H1 12, or $1.15 trillion.
“Although challenging economic conditions have impacted hedge funds’ performance during the last few years, investors still see their long term value and are giving them a significant place in their portfolios,” said Brendan Dolan, president of PerTrac.
PerTrac aggregates information from 11 leading global databases.
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…