Sunday, 2 August 2015
Last updated 1 day 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…