New Money Flow into Hedge Funds Nearly Tripled to $126.5B in 2006  

A record $126.5 billion new money flowed into the hedge fund industry last year, nearly tripling the $46.9 billion in new money they attracted in 2005, according to Hedge Fund Research, which tracks more than 10,500 hedge funds. Hedge funds total assets under management soared 29% in 2006 to $1.4 trillion.

Other Highlights:

 

  • Fund managers attracted $15.8 billion in the final three months of the year, compared with $44.5 billion in the third quarter

 

  • The HFRI Composite Index showed hedge funds gained 12.9% in 2006, slightly below the 13.6% the broad S&P 500 index gained last year.

 

  • Funds of funds returned 10.4% in 2006, compared with 7.5% in 2005. Globally, funds-of- funds assets were $547 billion as of Dec. 31.

Sources and Related Commentary:

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