Big Apple Biggest Home To Hedge Funds

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.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Ex-Hedge Fund Billionaire Won’t Run For Senate

Jan 23 2015 | 5:48am ET

Ex-hedge fund manager Tom Steyer will not run for Senate after Sen. Barbara Boxer...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note