Monday, 22 December 2014
Last updated 59 min ago
Feb 23 2009 | 12:54pm ET
While hedge funds continue to hemorrhage assets under management, the private equity industry continues to grow.
Private equity assets under management rose 15% last year despite the same economic turmoil that have driven hedge fund assets down by more than half to less than $1 trillion, by some measures. P.E. funds managed $2.5 trillion at the end of 2008, according to Preqin, a figure that includes $495 billion in real estate funds.
The growth, a significant slowdown from 2007’s 32% increase, is the result of fewer distributions to investors and stronger than expected fundraising in the first half of last year. Unrealized portfolio investments soared 26% to $1.48 trillion, more than half of the industry’s total assets, while uninvested capital rose 3% to $1.02 trillion.
What’s more, Preqin says p.e. assets, which have more than doubled in the last five years, could double again over the next few.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.