Friday, 21 October 2016
Last updated 1 hour ago
Jun 10 2008 | 2:00am ET
Hedge fund assets have soared to more than $2.9 trillion despite disappointing returns, although investors are showing slightly less enthusiasm for the asset class.
Hedge fund assets under administration have jumped 20% over the past year, according to a survey of administrators by Hedge Fund Manager Week. But the $230 billion in new assets accrued in the six months to April represents a growth rate of 9%.
That rate was 17% in the magazine’s last survey.