Thursday, 31 July 2014
Last updated 18 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…