Sunday, 25 January 2015
Last updated 1 day ago
Oct 7 2013 | 11:21am ET
The global hedge fund industry continued its slow climb back from the financial crisis in the first half, with total assets rising almost 6% over the period.
Worldwide, hedge funds managed $2.337 trillion at the end of June, HedgeFund Intelligence reports, up from $2.208 trillion at the end of last year and $2.147 trillion at the end of the first half of 2012. If hedge fund strategies in standalone UCITS structures are included, the figure rises a further $120 billion to $2.456 trillion.
Hedge funds set an asset record in the middle of 2008 with $2.7 trillion.
The largest hedge funds remain the dominant force in the industry, with the 389 firms managing at least $1 billion accounting for $2.039 trillion, some 87% of the industry total. Those firms managing at least $5 billion—there are only 110 of them—alone command $1.37 trillion, or nearly 59% of the global industry.
Most hedge funds assets continue to be managed from North America with the region accounting for 73% of worldwide assets; 175 of the 389 "billion-dollar club" members are based in New York, and the city is home to 45% of the group's assets. Another 28 billion-dollar hedge funds are based in Connecticut, 24 in California and 15 in Massachusetts. European managers run 18% of global hedge fund assets—London housing 57 billion-dollar club members—and Asian managers 4%, with Hong Kong boasting 17 billion-dollar hedge funds and Singapore nine.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…