Hedge Fund Assets Top '08 Levels

Dec 9 2013 | 11:04am ET

More than six years after the advent of the financial crisis, the world's hedge funds have at last recouped their lost assets.

Hedge fund industry assets hit a new record in November, totaling $1.97 trillion, according to Eurekahedge. That figure surpasses the previous record of $1.95 trillion set in June 2008, as the crisis really began to squeeze the hedge fund industry.

Hedge funds would go on to lose an average of almost 20% that year, but have since posted steady, if unspectacular, returns—the average fund returned 1.37% last month, according to Eureka, about half the 2.8% achieved by the Standard & Poor's 500 Index. Those returns, however, have combined with a renewed appetite among investors for hedge funds; net inflows have been $122.2 billion, about half of which has gone to North American managers.


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