The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 27 min ago
Jul 16 2008 | 3:32am ET
Global hedge fund assets under management increased 30% in 2007 to a record $2.25 trillion, according to a new International Financial Services report.
Most of this growth was in the first three quarters, as market turbulence in the latter part of the year resulted in a slowdown in inflow of new funds and a decline in average returns.
New York remained the leading global location for hedge fund managers, with 40% of global assets, but its share was down from 50% in 2002 as growth of the hedge fund industry in Europe and Asia outpaced growth in the U.S. This was largely a result of a rise in institutional portfolio allocation into hedge funds in these regions during this period.
London’s share of global hedge fund assets doubled to 20% in the five years up to 2007. Assets managed by hedge fund managers in London totaled an estimated US $400 billion in 2007. The 1,000 hedge funds located there accounted for four-fifths of European based hedge fund assets.