Man’s Clarke Says Hedge Funds Will Keep Growing

Oct 2 2007 | 10:28am ET

The head of the world’s largest publicly-traded hedge fund firm says rumors of the industry’s decline are greatly exaggerated.

Peter Clarke, Man’s CEO, said the explosive growth of the hedge fund industry will continue, in spite of poor returns and widely-reported trouble, especially related to the U.S. subprime mortgage market.

And hard evidence backs him up: According to HedgeFund Intelligence, hedge funds now manage some $2.5 trillion globally.

“I’d say there is no current indication that industry growth rates will materially change,” said Clarke, at an event sponsored by Reuters in London. “We continue to see an institutional appetite for products.”


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...