Survey Shows Hedge Fund Assets Exceed $2.9 Trillion

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.

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